INCOME TAX ASSESSMENT ACT 1997 - SECT 152.415 What the roll - over consists of

INCOME TAX ASSESSMENT ACT 1997 - SECT 152.415

    If you choose the roll - over, you can choose to disregard all or part of each * capital gain to which this Subdivision applies.

Note:   If you choose to disregard only some of the capital gain, you make a capital gain equal to the remaining amount.

Example:   The original capital gain was $100,000. You have reduced it to $25,000 under other concessions (apart from the roll - over). If you choose to disregard $20,000, you are left with a final capital gain of $5,000.