INCOME TAX ASSESSMENT ACT 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

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

Division 126 - Same-asset roll-overs  

Subdivision 126-B - Companies in the same wholly-owned group  

SECTION 126-40   What this Subdivision is about  


A roll-over may be available for the transfer of a CGT asset between 2 companies, or the creation of a CGT asset by one company in another, if:

  • (a) both companies are members of the same wholly-owned group; and
  • (b) at least one of the companies is a foreign resident.

  • This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.