Tax Laws Amendment (2011 Measures No. 9) Act 2012 (12 of 2012)
Schedule 2 Capital gains tax and certain business restructures
Part 3 Roll-overs for change of incorporation
Division 2 Consequential amendments
Income Tax Assessment Act 1997
21 Section 112-97 (at the end of the table)
Add:
|
35 |
A CGT asset is held by a company that has ownership not significantly different from that of a former body that held the asset and was incorporated under another law |
First element of cost base and reduced cost base |
Section 620-25 |