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

8   Section 104-5 (table item dealing with CGT event J2)

Repeal the item, substitute:

J2 Change in relation to replacement asset or improved asset after a roll-over under Subdivision 152-E

[See section 104-185]

when the change happens

the amount mentioned in subsection 104-185(5)

no capital loss