Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 124.5

  (1)   First, find out if you can obtain a roll - over when your ownership of one or more CGT assets ends and you acquire one or more CGT assets: see Subdivisions   124 - B to 124 - R.

Note:   If you carry on a small business, you may also be able to obtain a roll - over under Subdivision   152 - E.

  (2)   Second, find out what the consequences are for being able to obtain a roll - over: see Subdivision   124 - A.

Note:   The consequences of a scrip for scrip roll - over are set out in Subdivision   124 - M. The consequences of replacing a statutory licence by a new statutory licence are set out in Subdivision   124 - C. The consequences of an exchange of a membership interest in an MDO are set out in Subdivision   124 - P. The consequences of an exchange of stapled ownership interests are set out in Subdivision   124 - Q. The consequences of a roll - over for water entitlements are set out in Subdivision   124 - R.

  (3)   Third, find out if there are any special rules relevant to your situation: see the Subdivision under which you can get the roll - over.

Table of sections

124 - 10   Your ownership of one CGT asset ends

124 - 15   Your ownership of more than one CGT asset ends

124 - 20   Share and interest sale facilities