Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-80 - ROLL-OVERS APPLYING TO ASSETS GENERALLY  

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History

Pt 3-80 inserted by No 12 of 2012.

Division 615 - Roll-overs for business restructures  

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History

Div 615 inserted by No 133 of 2014, s 3 and Sch 1 item 1, applicable in relation to shares or units disposed of, redeemed or cancelled at or after 7.30 pm, by legal time in the Australian Capital Territory, on 10 May 2011.

Guide to Division 615  

SECTION 615-1   What this Division is about  

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You can choose for transactions under a scheme to restructure a company ' s or unit trust ' s business to be tax neutral if, under the scheme:

(a) you cease to own shares in the company or units in the trust; and

(b) in exchange, you become the owner of new shares in another company.

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History

S 615-1 inserted by No 133 of 2014, s 3 and Sch 1 item 1, applicable in relation to shares or units disposed of, redeemed or cancelled at or after 7.30 pm, by legal time in the Australian Capital Territory, on 10 May 2011.

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