Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-80 - ROLL-OVERS APPLYING TO ASSETS GENERALLY  

Division 615 - Roll-overs for business restructures  

Guide to Division 615  

SECTION 615-1   What this Division is about  


You can choose for transactions under a scheme to restructure a company ' s or unit trust ' s business to be tax neutral if, under the scheme:

  • (a) you cease to own shares in the company or units in the trust; and
  • (b) in exchange, you become the owner of new shares in another company.

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