Commonwealth Consolidated Acts

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INCOME TAX ASSESSMENT ACT 1997 - SECT 125.50

Guide to Subdivision 125-B

You can choose to obtain a roll-over if a CGT event happens to your interests in a company or trust because of a demerger of an entity from the group of which the company or trust is the head entity.

There are cost base adjustments if you receive new interests under a demerger and no CGT event happens to your original interests.

Table of sections

Operative provisions

125-55      When a roll-over is available for a demerger

125-60      Meaning of ownership interest and related terms

125-65      Meanings of demerger group , head entity and demerger subsidiary

125-70      Meanings of demerger , demerged entity and demerging entity

125-75      Exception: employee share schemes

125-80      What is the roll-over?

125-85      Cost base adjustments where CGT event happens but no roll-over chosen

125-90      Cost base adjustments where no CGT event

125-95      No other cost base adjustment after demerger

125-100    No further demerger relief in some cases

Operative provisions



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