Taxation Laws Amendment Act (No. 1) 2004 (101 of 2004)
Schedule 9 Roll-over for FSR transitions
Part 1 Amendments
Income Tax Assessment Act 1997
4 Section 109-55 (after table item 7)
Insert:
|
7A |
You obtain a replacement-asset roll-over in relation to an FSR transition and a replacement asset or part of a replacement asset relates to an original asset that you acquired before 20 September 1985 |
before 20 September 1985 (for that replacement asset or that part of a replacement asset that relates to a pre-CGT original asset) |
section 124-895 |
|
7B |
A new owner obtains a replacement-asset roll-over in relation to an FSR transition and a replacement asset or part of a replacement asset relates to an original asset that the original owner acquired before 20 September 1985 |
before 20 September 1985 (for that replacement asset or that part of a replacement asset that relates to a pre-CGT original asset) |
sections 124-915 and 124-920 |