Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-3 - CAPITAL GAINS AND LOSSES: SPECIAL TOPICS  

Division 124 - Replacement-asset roll-overs  

Subdivision 124-S - Interest realignment arrangements  

Operative provisions

SECTION 124-1240  

124-1240   Roll-over consequences - all original interests were pre-CGT  

If you acquire the new interest in exchange for:

(a) one original interest that you started to *hold before 20 September 1985; or

(b) 2 or more original interests, each of which you started to hold before 20 September 1985;

you are taken to have started to hold the new interest (or all of the new interests) before that day.