Income Tax Assessment Act 1997

Part 3-3 inserted by No 46 of 1998.

Div 152 inserted by No 165 of 1999 (as amended by No 173 of 2000).

S 152-410 substituted by No 55 of 2007 , s 3 and Sch 1 item 57, applicable to CGT events happening in the 2006-07 income year or later income years. S 152-410 formerly read:

SECTION 152-410 When you can obtain the roll-over  
152-410
You can choose to obtain a roll-over under this Subdivision for a *capital gain if:

(a) the basic conditions in Subdivision 152-A are satisfied for the gain; and

(b) within the period starting one year before, and ending 2 years after, the last *CGT event during the year for which you choose a small business roll-over, you choose one or more *CGT assets as replacements (the replacement asset ); and

(c) the replacement asset satisfies the conditions set out in section 152-420 .

Note:

Paragraph (b) is an exception to the general rule about choices in section 103-25 .

S 152-410 inserted by No 165 of 1999 (as amended by No 173 of 2000).