Capital gain or no loss
(1) There is a roll-over if:
(i) the trigger event would have resulted in the originating company making a * capital gain, or making no * capital loss and not being entitled to a deduction; or
(ii) the originating company * acquired the roll-over asset before 20 September 1985; and
(b) the originating company and recipient company both choose to obtain it.
Note: Section 103- 25 sets out when the choice must be made.