Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) If the partners choose a roll-over, a * capital gain or * capital loss any partner makes from the trigger event is disregarded.
(2) The first element of the partner's * cost base of each * share is the amount applicable under this table divided by the number of shares. The first element of each share's * reduced cost base is worked out similarly.
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Creation case |
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Event No. |
Applicable amount |
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D1 |
the partner's share of the * incidental costs incurred that relate to the trigger event |
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D2 |
the partner's share of the expenditure incurred to grant the option |
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D3 |
the partner's share of the expenditure incurred to grant the right |
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F1 |
the partner's share of the expenditure incurred on the grant, renewal or extension of the lease |
The expenditure can include a transfer of property: see section 103-5.
Same-asset roll-over consequences for the company (disposal case)