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ATO ID 2003/1031currentchange

Capital Gains Tax: Demerger - CGT discount in relation to new interests if rollover not chosen

Reasons for Decision

a capital gain or capital loss made from a CGT event happening under a demerger to an original interest is disregarded (subsection 125-80(1)) 2. cost bases are apportioned across new and original interests (subsections 125-80(2) and (3)) 3. Pre-CGT status is provided to certain new interests (subsections 125-80(4) to (7))

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