Commonwealth Consolidated Acts Commonwealth Consolidated ActsAsset compulsorily acquired, lost or destroyed
(1) If a * CGT asset is an asset (the new asset ) you acquired to satisfy the requirement in subsection 124-70(2) or 124-75(2) for a roll-over under Subdivision 124-B, then paragraphs 152-105(b) and 152-110(1)(b) and (c) (the 15-year and significant individual rules) apply as if you had acquired the new asset when you acquired the original asset.
Note: Subdivision 124-B allows you to choose a roll-over if your CGT asset is compulsorily acquired, lost or destroyed.
Assets replaced during FSR transition (same owner roll-overs)
(1A) If a * CGT asset is an asset (the new asset ) you acquired in a situation covered by section 124-880, 124-885 or 124-890, then paragraphs 152-105(b) and 152-110(1)(b) and (c) (the 15-year and significant individual rules) apply as if you had acquired the new asset when you acquired the original asset.
Note: Subdivision 124-O provides a roll-over for certain CGT assets that come to an end as a result of an FSR transition.
Asset replaced during FSR transition (new owner roll-overs)
(1B) If a * CGT asset is an asset (the new asset ) acquired in a situation covered by section 124-900, 124-905 or 124-910, then paragraphs 152-105(b) and 152-110(1)(b) and (c) (the 15-year and significant individual rules) apply as if the new owner had acquired the new asset when the original owner acquired the original asset.
Note: Subdivision 124-O provides a roll-over for certain CGT assets that come to an end as a result of an FSR transition.
Marriage or relationship breakdowns
(2) If you made the choice mentioned in subsection 152- 45(2) for a * CGT asset, then paragraphs 152-105(b) and (c) and 152-110(1)(b) and (c) (the 15-year and significant individual rules) apply as if you had acquired the asset when the transferor acquired it.
Note: There is a roll-over under Subdivision 126-A if CGT assets are transferred because of a marriage or relationship breakdown.