Income Tax Assessment Act 1997
View history note
Hide history noteModifications can occur from the time you acquired the CGT asset to when a CGT event happens in relation to it.
Note:
You should keep records of the modifications: see Division 121 .
112-5(2)
Most modifications replace the first element (what you paid for a CGT asset) of the cost base and reduced cost base of the asset.
112-5(3)
Subdivision 112-A contains operative provisions setting out the general situations that may result in a modification to the general rules.
112-5(4)
Subdivision 112-B (which is a guide) has a number of tables (each one covering a specialist topic) that tell you each situation that may result in a modification to the general rules.
112-5(5)
Subdivision 112-C (which is a guide) explains what a replacement-asset roll-over is and how it can modify the cost base or reduced cost base.
112-5(6)
Subdivision 112-D (which is a guide) explains what a same-asset roll-over is and how it can modify the cost base or reduced cost base.
112-5(7)
Section 230-505 provides special rules for working out the amount of consideration for an asset if the asset is a *Division 230 financial arrangement or a Division 230 financial arrangement is involved in that consideration.
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