(1) CGT event J6 happens if you choose a small business roll-over under Subdivision 152-E for a * CGT event that happens in relation to a * CGT asset in an income year and:
(a) by the end of the * replacement asset period, you have done either or both of the following:
(i) * acquired a replacement asset (the replacement asset );
(ii) incurred * fourth element expenditure in relation to a CGT asset (also the replacement asset ); and
(b) at the end of the replacement asset period, the replacement asset is your * active asset; and
(c) if the replacement asset is a * share in a company or an interest in a trust, at the end of the replacement asset period:
(i) you, or an entity * connected with you, are a * CGT concession stakeholder in the company or trust; or
(ii) CGT concession stakeholders in the company or trust have a * small business participation percentage in you of at least 90%; and
(d) the total (the amount incurred ) of the following, in relation to each replacement asset that satisfied paragraph (b) and, if applicable, paragraph (c), is less than the amount of the capital gain that you disregarded:
(i) the first element of the * cost base;
(ii) the * incidental costs you incurred (which can include giving property, see section 103-5);
(iii) the amount of fourth element expenditure incurred.
Note: You do not have to satisfy the basic conditions in Subdivision 152-A for the gain in relation to CGT event J6 (see subsection 152-305(4)).
(2) The time of the event is at the end of the * replacement asset period.
(3) You make a capital gain equal to the difference between:
(a) the amount of the * capital gain that you disregarded under Subdivision 152-E; and
(b) the amount incurred.
(4) The * replacement asset period may be modified or extended as mentioned in section 104-190.
Table of sections
104-205 Incoming international transfer of emissions unit: CGT event K1
104-210 Bankrupt pays amount in relation to debt: CGT event K2
104-215 Asset passing to tax-advantaged entity: CGT event K3
104-220 CGT asset starts being trading stock: CGT event K4
104-225 Special collectable losses: CGT event K5
104-230 Pre-CGT shares or trust interest: CGT event K6
104-235 Balancing adjustment events for depreciating assets and certain assets used for R&D: CGT event K7
104-240 Working out capital gain or loss for CGT event K7: general case
104-245 Working out capital gain or loss for CGT event K7: pooled assets
104-250 Direct value shifts: CGT event K8
104-255 Carried interests: CGT event K9
104-260 Certain short-term forex realisation gains: CGT event K10
104-265 Certain short-term forex realisation losses: CGT event K11
104-270 Foreign hybrids: CGT event K12