Income Tax Assessment Act 1997
CHAPTER 3 - SPECIALIST LIABILITY RULES PART 3-3 - CAPITAL GAINS AND LOSSES: SPECIAL TOPICS
Division 122 - Roll-over for the disposal of assets to, or the creation of assets in, a wholly-owned company
Subdivision 122-A - Disposal or creation of assets by an individual or trustee to a wholly-owned company
SECTION 122-5 What this Subdivision is about
This Subdivision sets out when you can obtain a roll-over if you transfer a CGT asset, or all the assets of a business, to a company. It also deals with the creation of a CGT asset in a company. There are consequences for the company also.