INCOME TAX ASSESSMENT ACT 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-1 - CAPITAL GAINS AND LOSSES: GENERAL TOPICS  

Division 114 - Indexation of cost base  

SECTION 114-20   114-20   When expenditure is incurred for roll-overs  


If there is a roll-over for a *CGT event happening in relation to a *CGT asset and the first element of the *cost base of the asset is the whole of the cost base of:


(a) for a *replacement-asset roll-over, the original asset; or


(b) for a *same-asset roll-over, the CGT asset;

you index that element as if expenditure equal to the amount in that element had been incurred in the *quarter in which the CGT event happened.


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