INCOME TAX ASSESSMENT ACT 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-3 - CAPITAL GAINS AND LOSSES: SPECIAL TOPICS  

Division 152 - Small business relief  

Subdivision 152-E - Small business roll-over  

Guide to Subdivision 152-E

SECTION 152-400   What this Subdivision is about  

A small business roll-over allows you to defer the making of a capital gain from a CGT event happening in relation to one or more small business assets if the basic conditions in Subdivision 152-A are satisfied for the gain.

You may choose not to apply the concession in section 152-205 (small business 50% reduction) before this one. For an additional exemption, see also Subdivision 152-D (small business retirement exemption).


TABLE OF SECTIONS
TABLE OF SECTIONS
Operative provisions
152-405 (Repealed by No 55 of 2007)
152-410 When you can obtain the roll-over
152-415 What the roll-over consists of
152-420 Rules where an individual who has obtained a roll-over dies
152-425 (Repealed by No 55 of 2007)
152-430 15-year rule has priority


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