Income Tax Assessment Act 1997
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View history notePart 3-3 inserted by No 46 of 1998.
Div 124 inserted by No 46 of 1998.
Subdiv 124-S inserted by No 130 of 2015, s 3 and Sch 1 item 2, applicable in relation to interest realignment arrangements entered into after 7.30 pm, by legal time in the Australian Capital Territory, on 14 May 2013.
SECTION 124-1240 124-1240 Roll-over consequences - all original interests were pre-CGT
If you acquire the new interest in exchange for:
(a) one original interest that you started to * hold before 20 September 1985; or
(b) 2 or more original interests, each of which you started to hold before 20 September 1985;
you are taken to have started to hold the new interest (or all of the new interests) before that day.
S 124-1240 inserted by No 130 of 2015, s 3 and Sch 1 item 2, applicable in relation to interest realignment arrangements entered into after 7.30 pm, by legal time in the Australian Capital Territory, on 14 May 2013.
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