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INCOME TAX ASSESSMENT ACT 1997 - SECT 124.1145

Roll-over consequences--all original entitlements post-CGT

             (1)  This section applies if you * acquired the original entitlement (or all of the original entitlements) on or after 20 September 1985.

             (2)  The first element of the * cost base of the retained entitlement (or of each of the retained entitlements) is such amount as is reasonable having regard to:

                     (a)  the total of the cost bases of all the original entitlements; and

                     (b)  the number and * market value of the original entitlements; and

                     (c)  the number and market value of the retained entitlements.

             (3)  The first element of the * reduced cost base of the retained entitlements is worked out similarly.

             (4)  For the purposes of paragraph (2)(c), the * market value of the retained entitlements is their market value just after the * CGT event referred to in section 124-1135 happens.



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