Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-45 - RULES FOR PARTICULAR INDUSTRIES AND OCCUPATIONS  

Division 328 - Small business entities  

Subdivision 328-D - Capital allowances for small business entities  

Special rules about roll-overs

SECTION 328-245   Consequences of roll-over  

328-245(1)    
The transferor does not subtract anything for the ^* balancing adjustment events under:

(a) paragraph (a) of step 2 in the method statement in section 328-200 ; or

(b) subsection 328-210(2) .

328-245(2)    
Subsection 328-215(4) does not apply to the ^* balancing adjustment events for the transferor.

328-245(3)    
A choice made by the transferor for a ^* depreciating asset under subsection 328-175(3) (about primary production assets) applies to the transferee as if it had been made by the transferee.

328-245(4)    
Sections 328-247 to 328-257 have effect.