Income Tax Assessment Act 1997



Division 114 - Indexation of cost base  

SECTION 114-20   114-20   When expenditure is incurred for roll-overs  

If there is a roll-over for a *CGT event happening in relation to a *CGT asset and the first element of the *cost base of the asset is the whole of the cost base of:

(a) for a *replacement-asset roll-over, the original asset; or

(b) for a *same-asset roll-over, the CGT asset;

you index that element as if expenditure equal to the amount in that element had been incurred in the *quarter in which the CGT event happened.


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