Legislation

ITAA 1997 s 14 of this Determination, where the compulsory acquisition by the State Government (the relevant CGT event in this case) happens on or after 1 July 2001, the machinery no longer qualifies as a replacement asset for the purposes of the Subdivision 124-B rollover (see paragraph 124-75(2)(a)

ATO documents that consider ITAA 1997 s 14 of this Determination, where the compulsory acquisition by the State Government (the relevant CGT event in this case) happens on or after 1 July 2001, the machinery no longer qualifies as a replacement asset for the purposes of the Subdivision 124-B rollover (see paragraph 124-75(2)(a)

1 document

TD 2000/41currentTD · 2000

Income tax: capital gains: are the two requirements in subsection 124-75(4) of the Income Tax Assessment Act 1997 for a CGT asset acquired to replace an original asset alternative and mutually exclusive requirements?