Income Tax Assessment Act 1997
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Hide history noteSECTION 126-45 Roll-over for members of wholly-owned group 126-45(1)
There may be a roll-over if a *CGT event (the trigger event ) happens involving a company (the originating company ) and another company (the recipient company ) in the circumstances set out in section 126-50 .
126-45(2)
Only these *CGT events are relevant:
(a) CGT events A1 and B1 (a disposal case ); and
(b) CGT events D1, D2, D3 and F1 (a creation case ).
Note:
The full list of CGT events is in section 104-5 .
126-45(3)
However, there is no roll-over for *CGT event B1 if title in the *CGT asset does not pass to the transferee at or before the end of the agreement.
Note:
CGT event J1 can happen if the recipient company stops being a 100% subsidiary of a company in the relevant group: see section 104-175.
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