SPECIALIST LIABILITY RULES
CAPITAL GAINS AND LOSSES: SPECIAL TOPICS
Disposal of assets by a trust to a company
What this Subdivision is about
Entities can choose to obtain a roll-over if:
(a) a trust disposes of all of its assets to a company; and
(b) units and interests in the trust are replaced by shares in the company.
The roll-over may also be available for 2 or more trusts disposing of all their assets to a single company.
The effect of the roll-over may be reversed if the trust does not cease to exist within 6 months: see section