Document ID: chunk:federal_register_of_legislation:C2015A00130:clause:1_2:p2
Version: federal_register_of_legislation:C2015A00130
Segment Type: clause
Provision Reference: sch 1 cl 2 (pt 2/4)
Character Range: 13926–16473

of sections 124‑1235 and 124‑1245, for each original interest that has an ineligible part:
 (a) reduce the *cost base of that interest (just before the *CGT event that happened in relation to it) by so much of that cost base as is attributable to that ineligible part; and
 (b) reduce the *reduced cost base of that interest (just before the CGT event that happened in relation to it) by so much of that reduced cost base as is attributable to that ineligible part.

124‑1235  Roll‑over consequences—all original interests were post‑CGT and pre‑UCA
 (1) If you acquire the new interest in exchange for:
 (a) one original interest that you started to *hold on or after 20 September 1985 and before 1 July 2001; or
 (b) 2 or more original interests, each of which you started to hold on or after 20 September 1985 and before 1 July 2001;
you are taken to have started to hold the new interest (or all of the new interests) on or after 20 September 1985 and before 1 July 2001.
 (2) The first element of the *cost base of the new interest (or of each of the new interests) is such amount as is reasonable having regard to:
 (a) the total of the cost bases of all the original interests; and
 (b) the number, *market value and character of the original interests; and
 (c) the number, market value and character of the new interests.
 (3) The first element of the *reduced cost base of the new interest (or of each of the new interests) is such amount as is reasonable having regard to:
 (a) the total of the reduced cost bases of all the original interests; and
 (b) the number, *market value and character of the original interests; and
 (c) the number, market value and character of the new interests.

124‑1240  Roll‑over consequences—all original interests were pre‑CGT
  If you acquire the new interest in exchange for:
 (a) one original interest that you started to *hold before 20 September 1985; or
 (b) 2 or more original interests, each of which you started to hold before 20 September 1985;
you are taken to have started to hold the new interest (or all of the new interests) before that day.

124‑1245  Roll‑over consequences—original interests were of mixed CGT status, all were pre‑UCA
 (1) This section applies if:
 (a) you acquire the new interest in exchange for more than one original interest; and
 (b) you started to *hold one or more of the original interests before 20 September 1985; and
 (c) you started to hold one or more of the original interests on or after that day; and
 (d) you did not start to hold any of the original