Tax Laws Amendment (2009 Measures No. 6) Act 2010 (19 of 2010)
Schedule 1 Abolishing trust cloning and providing a CGT roll-over for certain trusts
Part 2 Roll-over for certain trusts
Income Tax Assessment Act 1997
6 After section 112-54
Insert:
112-54A Transfer of assets between certain trusts
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Transfer of assets between certain trusts |
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Item |
In this situation: |
Element affected: |
See sections: |
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1 |
There is a roll-over under Subdivision 126-G relating to the transfer of a CGT asset between certain trusts |
First element of cost base and reduced cost base of the CGT asset |
126-240 |
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2 |
There is a roll-over under Subdivision 126-G relating to the transfer of a CGT asset between certain trusts |
Cost base and reduced cost base of membership interests in each trust |
126-245 and 126-250 |