INCOME TAX (TRANSITIONAL PROVISIONS) ACT 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

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

Division 108 - CGT assets  

Subdivision 108-D - Separate CGT assets  

SECTION 108-75   Capital improvements to CGT assets for which a roll-over may be available  

108-75(1)  


Subsection 108-75(2) of the Income Tax Assessment Act 1997 applies to a roll-over under former section 160ZWA of the Income Tax Assessment Act 1936 in the same way that it applies to a roll-over under Subdivision 124-J of the Income Tax Assessment Act 1997 .

108-75(2)  


Subsection 108-75(2) of the Income Tax Assessment Act 1997 applies to a roll-over under former section 160ZZF of the Income Tax Assessment Act 1936 in the same way that it applies to a roll-over under Subdivision 124-L of the Income Tax Assessment Act 1997 .

108-75(3)  


Subsection 108-75(2) of the Income Tax Assessment Act 1997 applies to a roll-over under former section 160ZZPE of the Income Tax Assessment Act 1936 in the same way that it applies to a roll-over under Subdivision 124-C of the Income Tax Assessment Act 1997 .

108-75(4)  


Subsection 108-75(2) of the Income Tax Assessment Act 1997 applies to a roll-over under former section 160ZWC of the Income Tax Assessment Act 1936 in the same way that it applies to a roll-over under Subdivision 124-K of the Income Tax Assessment Act 1997 .
Note:

This provision covers the case where the roll-over occurred in the 1997-1998 income year or an earlier one and the relevant CGT event in the 1998-99 income year or a later one.




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