Taxation Laws Amendment Act (No. 1) 2004 (101 of 2004)

Schedule 9 Roll-over for FSR transitions

Part 1 Amendments

Income Tax Assessment Act 1997

4 Section 109-55 (after table item 7)

Insert:

7A	You obtain a replacement-asset roll-over in relation to an FSR transition and a replacement asset or part of a replacement asset relates to an original asset that you acquired before 20 September 1985	before 20 September 1985 (for that replacement asset or that part of a replacement asset that relates to a pre-CGT original asset)	section 124-895
7B	A new owner obtains a replacement-asset roll-over in relation to an FSR transition and a replacement asset or part of a replacement asset relates to an original asset that the original owner acquired before 20 September 1985	before 20 September 1985 (for that replacement asset or that part of a replacement asset that relates to a pre-CGT original asset)	sections 124-915 and 124-920

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