Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

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

Division 152 - Small business relief  

Subdivision 152-E - Small business roll-over  

Operative provisions

SECTION 152-415  

152-415   What the roll-over consists of  


If you choose the roll-over, you can choose to disregard all or part of each *capital gain to which this Subdivision applies.
Note:

If you choose to disregard only some of the capital gain, you make a capital gain equal to the remaining amount.

Example:

The original capital gain was $100,000. You have reduced it to $25,000 under other concessions (apart from the roll-over). If you choose to disregard $20,000, you are left with a final capital gain of $5,000.


 

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