INCOME TAX ASSESSMENT ACT 1997 - SECT 112.53C Water entitlement roll

Commonwealth Consolidated Acts

Water entitlement roll - overs

Roll - over for water entitlements
Item
In this situation:
Element affected:
See section:
1
You replace one or more water entitlements with one or more new water entitlements
First element of cost base and reduced cost base
124 - 1120 and 124 - 1130
2
You have a reduction in one or more water entitlements that you own
First element of cost base and reduced cost base
124 - 1145 and 124 - 1150
3
A CGT event happens to an asset you own as a result of the replacement of water entitlements
First element of cost base and reduced cost base
124 - 1165

Roll - over for water entitlements
1	You replace one or more water entitlements with one or more new water entitlements	First element of cost base and reduced cost base	124 - 1120 and 124 - 1130
2	You have a reduction in one or more water entitlements that you own	First element of cost base and reduced cost base	124 - 1145 and 124 - 1150
3	A CGT event happens to an asset you own as a result of the replacement of water entitlements	First element of cost base and reduced cost base	124 - 1165

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Roll - over for water entitlements
Item	In this situation:	Element affected:	See section:
1	You replace one or more water entitlements with one or more new water entitlements	First element of cost base and reduced cost base	124 - 1120 and 124 - 1130
2	You have a reduction in one or more water entitlements that you own	First element of cost base and reduced cost base	124 - 1145 and 124 - 1150
3	A CGT event happens to an asset you own as a result of the replacement of water entitlements	First element of cost base and reduced cost base	124 - 1165