Commonwealth Consolidated Acts

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INCOME TAX ASSESSMENT ACT 1997 - SECT 125.50

Guide to Subdivision 125 - B

You can choose to obtain a roll - over if a CGT event happens to your interests in a company or trust because of a demerger of an entity from the group of which the company or trust is the head entity.

There are cost base adjustments if you receive new interests under a demerger and no CGT event happens to your original interests.

Table of sections

Operative provisions

125 - 55   When a roll - over is available for a demerger

125 - 60   Meaning of ownership interest and related terms

125 - 65   Meanings of demerger group , head entity and demerger subsidiary

125 - 70   Meanings of demerger , demerged entity and demerging entity

125 - 75   Exception: employee share schemes

125 - 80   What is the roll - over?

125 - 85   Cost base adjustments where CGT event happens but no roll - over chosen

125 - 90   Cost base adjustments where no CGT event

125 - 95   No other cost base adjustment after demerger

125 - 100   No further demerger relief in some cases


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