INCOME TAX ASSESSMENT ACT 1997
If the partners choose a roll-over, a *capital gain or *capital loss any partner makes from the trigger event is disregarded. 122-195(2)
The first element of the partner's *cost base of each *share is the amount applicable under this table divided by the number of shares. The first element of each share's *reduced cost base is worked out similarly.
|Event No.||Applicable amount|
|D1||the partner's share of the *incidencal costs incurred that relate to the trigger event|
|D2||the partner's share of the expenditure incurred to grant the option|
|D3||the partner's share of the expenditure incurred to grant the right|
|F1||the partner's share of the expenditure incurred on the grant, renewal or extension of the lease|
The expenditure can include a transfer of property: see section 103-5 .
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