Tax Law Improvement Act (No. 1) 1998 (46 of 1998)
10 Amendment of Chapter 6 (the Dictionary) of the Income Tax Assessment Act 1997
133 Subsection 995-1(1)
Insert:
same-asset roll-over: a same asset roll-over allows you to disregard a *capital gain or *capital loss you make from:
(a) *disposing of a *CGT asset to another entity; or
(b) entering into an agreement with another entity that constitutes CGT event B1; or
(c) creating a CGT asset in another entity.
The same-asset roll-overs are listed in section 112-150.
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