Income Tax Assessment Act 1997
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Hide history noteSECTION 124-990 Partial roll-over 124-990(1)
The entity can obtain only a partial roll-over if its *capital proceeds for its original interest include something (the ineligible proceeds ) other than its replacement interest. There is no roll-over for that part (the ineligible part ) of its original interest for which it received ineligible proceeds.
124-990(2)
The *cost base of the ineligible part is that part of the cost base of the original interest as is reasonably attributable to it.
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