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-N - Disposal of assets by a trust to a company  

Operative provisions

SECTION 124-865  

124-865   Entities both choose the roll-over  

A roll-over is only available for the transferor and transferee if both the transferor and transferee choose to obtain it.

Note 1:

If they do so, the consequences for the transferor and transferee are set out in section 124-875 .

Note 2:

An entity that owns a unit or interest in the transferor can also choose to obtain a roll-over: see section 124-870 .