Income Tax Assessment Act 1997
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| Roll-over for water entitlements | |||
| Item | In this situation: | Element affected: | See section: |
| 1 | You replace one or more water entitlements with one or more new water entitlements | First element of cost base and reduced cost base | 124-1120 and 124-1130 |
| 2 | You have a reduction in one or more water entitlements that you own | First element of cost base and reduced cost base | 124-1145 and 124-1150 |
| 3 | A CGT event happens to an asset you own as a result of the replacement of water entitlements | First element of cost base and reduced cost base | 124-1165 |
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