Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES

PART 3-1 - CAPITAL GAINS AND LOSSES: GENERAL TOPICS

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Division 112 - Modifications to cost base and reduced cost base

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Subdivision 112-D - Same-asset roll-overs

SECTION 112-150

112-150 Table of same-asset roll-overs

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This table sets out all the same-asset roll-overs and tells you where you can find more detail about each one.

Same-asset roll-overs
Item	For the rules about this roll-over:	See:
1	Transfer of a CGT asset from one spouse to the other because of a marriage or relationship breakdown	Subdivision 126-A
.
2	Transfer of a CGT asset from a company or trust to a spouse because of a marriage or relationship breakdown	Subdivision 126-A
.
3	Transfer of a CGT asset to a wholly-owned company	sections 122-70 and 122-75
.
4	Transfer of a CGT asset of a partnership to a wholly-owned company	sections 122-200 and 122-205
.
4A	Transfer of a CGT asset of a trust to a company under a trust restructure	Subdivision 124-N
.
5	Transfer of a CGT asset between certain related companies	Subdivision 126-B
.
6	CGT event happens because a trust deed of a complying approved deposit fund, a complying superannuation fund or a fund that accepts worker entitlement contributions is changed	Subdivision 126-C
.
7	Transfer of a CGT asset from a small superannuation fund to another complying superannuation fund because of a marriage or relationship breakdown	Subdivision 126-D
.
7	(Repealed by No 58 of 2006)
.
8	Beneficiary becomes absolutely entitled to a share following a roll-over under Subdivision 124-M	Subdivision 126-E
.
9	(Repealed by No 109 of 2014)
.
10	Transfer of a CGT asset between certain trusts	Subdivision 126-G
.
11	Corporations covered by Subdivision 124-I	sections 620-10, 620-15, 620-20 and 620-25

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History

S 112-150 amended by No 109 of 2014, s 3 and Sch 10 item 47, by repealing table item 9, effective 17 October 2014. Table item 9 formerly read:

9 Transfer of CGT assets between 30 June 2004 and 1 July 2006 from a superannuation fund whose trustee is not licensed to one or more superannuation funds whose trustees are or will be licensed Subdivision 126-F

S 112-150 amended by No 12 of 2012, s 3 and Sch 2 item 23, by inserting table item 11, effective 21 March 2012.

S 112-150 amended by No 19 of 2010, s 3 and Sch 1 item 7, by inserting table item 10 at the end of the table, applicable to CGT events happening on or after 1 November 2008.

S 112-150 amended by No 144 of 2008, s 3 and Sch 14 item 64, by inserting " or relationship " after " marriage " in table items 1, 2 and 7, applicable:

(a) in relation to the 2009 - 2010 income year and later income years; and

(b) to the extent to which the amendments affect the Fringe Benefits Tax Assessment Act 1986 - in relation to the FBT year starting on 1 April 2009 and later FBT years.

S 112-150 amended by No 164 of 2007 , s 3 and Sch 4 item 1, by substituting " a small superannuation fund to another complying superannuation fund " for " one small superannuation fund to another " in table item 7, applicable in relation to CGT events that happen on or after 1 July 2007, regardless of when the award, court order or agreement was made.

S 112-150 amended by No 58 of 2006 , s 3 and Sch 7 items 74 and 75, by repealing table item 7 (second occurring) and inserting table item 8, effective 22 June 2006. Table item 7 (second occurring) formerly read:

7 ... Beneficiary becomes absolutely entitled to a share following a roll-over under Subdivision 124-M ... Subdivision 126-D

S 112-150 amended by No 78 of 2005, No 66 of 2003, No 117 of 2002, No 57 of 2002, No 53 of 2002 and No 114 of 2001 and inserted by No 46 of 1998.

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