Commonwealth Consolidated Acts Commonwealth Consolidated ActsEntities can obtain CGT relief for a demerger.
Owners of ownership interests in the head entity of a demerger group can obtain a roll - over to defer CGT consequences for the CGT events that happen to their interests under the demerger (see Subdivision 125 - B).
Capital gains and capital losses made by members of the demerger group from certain CGT events that happen under the demerger are disregarded (see Subdivision 125 - C).
Note: Dividend relief is also available: see section 44 of the Income Tax Assessment Act 1936 .
Table of sections
125 - 5 Object of this Division