Commonwealth Consolidated Acts

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INCOME TAX ASSESSMENT ACT 1997 - SECT 112.105

What is a replacement - asset roll - over?

  (1)   A replacement - asset roll - over allows you to defer the making of a capital gain or a capital loss from one CGT event until a later CGT event happens.

  (2)   It involves your ownership of one CGT asset (the original asset ) ending and you acquiring another one (the replacement asset ).

  (3)   All replacement - asset roll - overs are set out in the table in section   112 - 115.


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