S 126-155 repealed by No 41 of 2011, s 3 and Sch 5 item 419, effective 27 June 2011. S 126-155 formerly read:
SECTION 126-155 When there is a roll-over
126-155(1)
There is a roll-over if:
(a)
either:
(i)
the CGT 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 in writing to obtain a roll-over.
126-155(2)
There is also a roll-over if the CGT event would have resulted in the originating company making a capital loss and the originating company and recipient company both choose in writing to obtain a roll-over.
126-155(3)
Any such choice must be made by the later of:
(a)
12 months after the day on which the
Tax Laws Amendment (2004 Measures No 6) Act 2005
received the Royal Assent; and
(b)
a later day allowed by the Commissioner.
S 126-155 inserted by No 23 of 2005.
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