Commonwealth of Australia Consolidated Acts Commonwealth of Australia Consolidated ActsThis Subdivision sets out when you can obtain a roll-over if you transfer a CGT asset, or all the assets of a business, to a company. It also deals with the creation of a CGT asset in a company. There are consequences for the company also.
Table of sections
When is a roll-over available
122-15 Disposal or creation of assets--wholly-owned company
122-20 What you receive for the trigger event
122-25 Other requirements to be satisfied
122-35 What if the company undertakes to discharge a liability (disposal case)
122-37 Rules for working out what a liability in respect of an asset is
Replacement-asset roll-over if you dispose of a CGT asset
122-40 Disposal of a CGT asset
Replacement-asset roll-over if you dispose of all the assets of a business
122-45 Disposal of all the assets of a business
122-50 All assets acquired on or after 20 September 1985
122-55 All assets acquired before 20 September 1985
122-60 Assets acquired before and after 20 September 1985
Replacement-asset roll-over for a creation case
122-65 Creation of asset
Same-asset roll-over consequences for the company (disposal case)
122-70 Consequences for the company (disposal case)
Same-asset roll-over consequences for the company (creation case)
122-75 Consequences for the company (creation case)