Private ruling: Transfer of CGT assets
Published: April 2014

Ruling: The Commissioner was asked to rule on the following issue: | Will the trustee for Trust 1 be eligible to choose roll-over relief under section 126-225 of the Income Tax Assessment Act (ITAA 1997) in relation to the transfer of the CGT assets by Trust 1 to Trust 2? | The Commissioner has ruled that: | Yes. The trustee for Trust 1 will be eligible to choose roll-over relief under section 126-225 of the ITAA 1997 in relation to the transfer of the CGT assets by Trust 1 to Trust 2.