Income Tax Assessment Act 1997



Division 126 - Same-asset roll-overs  

Subdivision 126-B - Companies in the same wholly-owned group  

Operative provisions

SECTION 126-55   When there is a roll-over   Capital gain or no loss

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.


Section 103-25 sets out when the choice must be made.


(Repealed by No 169 of 1999)


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