Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES

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

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Division 112 - Modifications to cost base and reduced cost base

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Subdivision 112-C - Replacement-asset roll-overs

SECTION 112-115

112-115 Table of replacement-asset roll-overs

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This table sets out all the replacement-asset roll-overs and tells you where you can find more detail about each one.

Provisions of this Act are in normal text. The other provisions, in bold , are provisions of the Income Tax Assessment Act 1936 .

Replacement-asset roll-overs
Item	For the rules about this roll-over:	See:
1	Disposal or creation of assets by individual or trustee to a wholly-owned company	sections 122-40 to 122-65
.
2	Disposal or creation of assets by partners to a wholly-owned company	sections 122-150 to 122-195
.
3	(Repealed by No 55 of 2007 )
.
4	Asset compulsorily acquired, lost or destroyed	Subdivision 124-B
.
5	New statutory licences	Subdivision 124-C
.
6	Strata title conversion	Subdivision 124-D
.
7	Exchange of shares in the same company or units in the same unit trust	Subdivision 124-E
.
8	Exchange of rights or options to acquire shares in a company or units in a unit trust	Subdivision 124-F
.
9	(Repealed by No 133 of 2014)
.
10	(Repealed by No 133 of 2014)
.
11	Change of incorporation	Subdivision 124-I
.
12	Crown leases	Subdivision 124-J
.
13	Depreciating assets	Subdivision 124-K
.
14	Prospecting and mining entitlements	Subdivision 124-L
.
14A	Scrip for scrip	Subdivision 124-M
.
14B	Exchange of interests in a trust as a result of a trust restructure	Subdivision 124-N
.
14BA	(Repealed by No 109 of 2014)
.
14BB	Exchange of an interest in an MDO for an interest in another MDO	Subdivision 124-P
.
14BC	Exchange of stapled ownership interests	Subdivision 124-Q
.
14BD	Water entitlements	Subdivision 124-R
.
14C	Demergers	Division 125
.
14D	Exchange of shares in one company for shares in an interposed company	Division 615

14E	Exchange of units in a unit trust for shares in a company	Division 615

15	Disposal of a security under a securities lending arrangement	section 26BC

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History

S 112-115 amended by No 133 of 2014, s 3 and Sch 1 items 5 and 6, by repealing table items 9 and 10 and inserting table items 14D and 14E, applicable in relation to shares or units disposed of, redeemed or cancelled at or after 7.30 pm, by legal time in the Australian Capital Territory, on 10 May 2011. Table items 9 and 10 formerly read:

9	Exchange of shares in one company for shares in an interposed company	Subdivision 124-G
.
10	Exchange of units in a unit trust for shares in a company	Subdivision 124-H

S 112-115 (table) amended by No 109 of 2014, s 3 and Sch 10 item 31, by repealing table item 14BA, effective 17 October 2014. Table item 14BA formerly read:

14BA Replacement assets acquired during an FSR transition Subdivision 124-O

S 112-115 (table) amended by No 12 of 2012, s 3 and Sch 2 item 22, by substituting " Change of incorporation " for " Body is converted to an incorporated company " in cell at table item 11, column headed " For the rules about this roll-over: " , effective 21 March 2012.

S 112-115 (table) amended by No 136 of 2010 , s 3 and Sch 2 item 2, by inserting table item 14BD, applicable to CGT events that occur in the 2005-06 income year and later years.

S 112-115 (table) amended by No 97 of 2008 , s 3 and Sch 3 item 95, by substituting " Subdivision 124-D " for " Subdivision 124-CD " in table item 6, effective 3 October 2008.

S 112-115 (table) amended by No 164 of 2007 , s 3 and Sch 8 item 8, by inserting item 14BC, applicable to CGT events happening on or after 1 July 2006.

S 112-115 (table) amended by No 164 of 2007 , s 3 and Sch 7 item 6, by substituting " New statutory licences " for " Renewal or extension of a statutory licence " in table item 5, applicable to CGT events that happen in the 2006-2007 income year and later income years.

S 112-115 (table) amended by No 143 of 2007 , s 3 and Sch 2 item 2, by inserting item 14BB, applicable to CGT events happening on or after 14 February 2007.

S 112-115 (table) amended by No 55 of 2007 , s 3 and Sch 1 item 15, by repealing item 3, applicable to CGT events happening in the 2006-07 income year or later income years. Table item 3 formerly read:

3 ... CGT event happens to small business assets and you acquire replacement assets ... Subdivision 152-E

S 112-115 (table) amended by No 101 of 2004, No 90 of 2002, No 53 of 2002, No 77 of 2001, No 173 of 2000, No 165 of 1999 (as amended by No 173 of 2000), No 94 of 1999, and inserted by No 46 of 1998.

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