Tax Laws Amendment (2006 Measures No. 7) Act 2007 (55 of 2007)

Schedule 1   Small business relief for CGT events

Income Tax Assessment Act 1997

14   Section 110-10 (after table item H2)

Insert:

J5

Failure to acquire replacement asset and to incur fourth element expenditure after a roll-over

104-197

J6

Cost of acquisition of replacement asset or amount of fourth element expenditure, or both, not sufficient to cover disregarded capital gain

104-198