(1) There is partial roll-over if you * acquired the original entitlement on or after 20 September 1985 and:
(a) the land to which the new entitlement relates is different in area to the land the subject of the original entitlement because a part (the excised part ) of the land to which the original entitlement related was excised or you relinquished it; and
(b) you received a payment for the expiry or surrender of the original entitlement.
The payment can include giving property: see section 103-5.
Note: Section 124-730 sets out the effect on your cost base.
(2) There is no roll-over for the excised part. The * cost base of the excised part is so much of the * cost base of the original entitlement as is attributable to the excised part.
Its * reduced cost base is worked out similarly.
Note: You may make a capital gain or loss on the excised part because of CGT event C2.