INCOME TAX ASSESSMENT ACT 1997 - SECT 112.105 What is a replacement - asset roll - over?
INCOME TAX ASSESSMENT ACT 1997 - SECT 112.105
What is a replacement - asset roll - over?(1) A replacement - asset roll - over allows you to defer the making of a capital gain or a capital loss from one CGT event until a later CGT event happens.
(2) It involves your ownership of one CGT asset (the original asset ) ending and you acquiring another one (the replacement asset ).
(3) All replacement - asset roll - overs are set out in the
table in section 112 - 115.