Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 126.1

A same - asset roll - over allows a capital gain or loss an entity makes from disposing of a CGT asset to, or creating a CGT asset in, another entity to be disregarded. For a disposal, certain attributes of the asset are transferred to the receiving entity.

Table of sections

126 - 5   CGT event involving spouses

126 - 15   CGT event involving company or trustee

126 - 20   Subsequent CGT event happening to roll - over asset where transferor was a CFC or a non - resident trust

126 - 25   Conditions for the purposes of subsections   126 - 5(3A) and 126 - 15(5)