Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-3 - CAPITAL GAINS AND LOSSES: SPECIAL TOPICS  

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History

Part 3-3 inserted by No 46 of 1998.

Division 152 - Small business relief  

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History

Div 152 inserted by No 165 of 1999 (as amended by No 173 of 2000).

Subdivision 152-E - Small business roll-over  

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Guide to Subdivision 152-E

SECTION 152-400   What this Subdivision is about  

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A small business roll-over allows you to defer the making of a capital gain from a CGT event happening in relation to one or more small business assets if the basic conditions in Subdivision 152-A are satisfied for the gain.

You may choose not to apply the concession in section 152-205 (small business 50% reduction) before this one. For an additional exemption, see also Subdivision 152-D (small business retirement exemption).

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History

S 152-400 amended by No 55 of 2007 , s 3 and Sch 1 item 56, by substituting " if the basic conditions in Subdivision 152-A are satisfied for the gain " for " if you acquire replacement assets " , applicable to CGT events happening in the 2006-07 income year or later income years.

S 152-400 amended by No 58 of 2006 , s 3 and Sch 7 item 85, by substituting " You may choose not to apply the concession in section 152-205 (small business 50% reduction) " for " The concession in section 152-205 (small business 50% reduction) applies " , effective 22 June 2006.

S 152-400 inserted by No 165 of 1999 (as amended by No 173 of 2000).

TABLE OF SECTIONS

TABLE OF SECTIONS

Operative provisions
152-405	(Repealed by No 55 of 2007 )
152-410	When you can obtain the roll-over
152-415	What the roll-over consists of
152-420	Rules where an individual who has obtained a roll-over dies
152-425	(Repealed by No 55 of 2007 )
152-430	15-year rule has priority

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