Income Tax Assessment Act 1997
View history note
Hide history noteSECTION 126-55 When there is a roll-over
Capital gain or no loss
126-55(1)
There is a roll-over if:
(a) either:
(i) the trigger event would have resulted in the originating company making a *capital gain, or making no *capital loss and not being entitled to a deduction; or
(ii) the originating company *acquired the roll-over asset before 20 September 1985; and
(b) the originating company and recipient company both choose to obtain it.
Note:
Section 103-25 sets out when the choice must be made.
126-55(2)
(Repealed by No 169 of 1999)
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