CGT - transfer to wholly owned company The Commissioner made a private ruling confirming the cost base of the shares in a company that will be acquired by a Company under a proposed transfer pursuant to a roll-over under Division 122 of the Income Tax Assessment Act 1997 .

Non-binding edited private advice. This is an edited version of private advice the ATO gave to a specific taxpayer about their own circumstances. You cannot rely on it — it is not binding and provides no protection for anyone else (see PS LA 2008/4). Use it as a guide to the ATO’s thinking, not as authority.