Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 124.1100

There is a roll - over if a CGT event happens to you because of something occurring in relation to one or more water entitlements. You do not need to own water entitlements for the event to happen to you.

Table of sections

Replacement case

124 - 1105   Replacement water entitlements roll - over

124 - 1110   Roll - over consequences--capital gain or loss disregarded

124 - 1115   Roll - over consequences--partial roll - over

124 - 1120   Roll - over consequences--all original entitlements post - CGT

124 - 1125   Roll - over consequences--all original entitlements pre - CGT

124 - 1130   Roll - over consequences--some original entitlements pre - CGT, others post - CGT

Reduction case

124 - 1135   Reduction in water entitlements roll - over

124 - 1140   Roll - over consequences--capital gain or loss disregarded

124 - 1145   Roll - over consequences--all original entitlements post - CGT

124 - 1150   Roll - over consequences--some original entitlements pre - CGT, others post - CGT

Variation to CGT asset case

124 - 1155   Roll - over for variation to CGT asset

124 - 1160   Roll - over consequences

124 - 1165   Roll - over consequences--partial roll - over