Tax Laws Amendment (2008 Measures No. 6) Act 2009 (14 of 2009)
Schedule 1 CGT roll-overs for corporate restructures
Income Tax Assessment Act 1997
3 At the end of section 124-795
Add:
(4) You cannot obtain the roll-over for the *CGT event happening in relation to the exchange of your qualifying interest if:
(a) the replacement entity makes a choice to that effect under this subsection; and
(b) that entity or the original entity notifies you in writing of the choice before the exchange.
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