Document ID: chunk:federal_register_of_legislation:C2025C00029:section:2:p8
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 2 (pt 8/59)
Character Range: 2552790–2555571

where you acquired the entitlement on or after 20 September 1985; and
 (c) other land.
 (2) You are taken to have *acquired each asset that is a separate *CGT asset because of paragraph (1)(a) before 20 September 1985.

124‑730  What is the roll‑over?
 (1) The roll‑over is mainly as specified in Subdivision 124‑A.
 (2) However, you work out the *cost base and *reduced cost base of *CGT assets (that you are not taken to have *acquired before 20 September 1985) and that are part of the new entitlement a bit differently where section 124‑720 or 124‑725 applies.
 (3) The first element of your *cost base for each of those assets is:
where:
CB of post‑CGT original entitlement is the sum of the *cost bases of the prospecting entitlements or mining entitlements (that were part of the original entitlement) and that you *acquired on or after 20 September 1985 (just before the original entitlement expired or was surrendered) reduced, if there is an excised part, by so much of those cost bases as is attributable to the excised part.
market value of all new assets is the *market value of all *CGT assets (that you are not taken to have *acquired before 20 September 1985) that are part of the new entitlement just after you acquired them.
market value of separate asset is the *market value of the particular asset just after you *acquired it.
 (4) The first element of the *reduced cost base of each of those assets is worked out similarly.

Subdivision 124‑M—Scrip for scrip roll‑over

Guide to Subdivision 124‑M

124‑775  What this Subdivision is about

      This Subdivision allows you to choose a roll‑over where post‑CGT shares or trust interests you own are replaced with other shares or trust interests, for example, where there is a company takeover.
      You can only choose the roll‑over if you would have made a capital gain from the exchange.

Table of sections

Operative provisions
124‑780 Replacement of shares
124‑781 Replacement of trust interests
124‑782 Transfer or allocation of cost base of shares acquired by acquiring entity etc.
124‑783 Meaning of significant stakeholder, common stakeholder, significant stake and common stake
124‑783A Rights that affect stakes
124‑784 Cost base of equity or debt given within acquiring group
124‑784A When arrangement is a restructure
124‑784B What is the cost base and reduced cost base when arrangement is a restructure?
124‑784C Cost base of equity or debt given within acquiring group
124‑785 What is the roll‑over?
124‑790 Partial roll‑over
124‑795 Exceptions
124‑800 Interest received for pre‑CGT interest
124‑810 Certain companies and trusts not regarded as having 300 members or beneficiaries

Operative provisions

124‑780  Replacement of shares
 (1) There is a roll‑over if:
 (a) an entity (the original