Document ID: chunk:federal_register_of_legislation:C2025C00029:section:7:p28
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 7 (pt 28/40)
Character Range: 1891608–1894372

(ii) incurred *fourth element expenditure in relation to a CGT asset (also the replacement asset); and
 (b) at the end of the replacement asset period, the replacement asset is your *active asset; and
 (c) if the replacement asset is a *share in a company or an interest in a trust, at the end of the replacement asset period:
 (i) you, or an entity *connected with you, are a *CGT concession stakeholder in the company or trust; or
 (ii) CGT concession stakeholders in the company or trust have a *small business participation percentage in you of at least 90%; and
 (d) the total (the amount incurred) of the following, in relation to each replacement asset that satisfied paragraph (b) and, if applicable, paragraph (c), is less than the amount of the capital gain that you disregarded:
 (i) the first element of the *cost base;
 (ii) the *incidental costs you incurred (which can include giving property, see section 103‑5);
 (iii) the amount of fourth element expenditure incurred.
Note: You do not have to satisfy the basic conditions in Subdivision 152‑A for the gain in relation to CGT event J6 (see subsection 152‑305(4)).
 (2) The time of the event is at the end of the *replacement asset period.
 (3) You make a capital gain equal to the difference between:
 (a) the amount of the *capital gain that you disregarded under Subdivision 152‑E; and
 (b) the amount incurred.
 (4) The *replacement asset period may be modified or extended as mentioned in section 104‑190.

Subdivision 104‑K—Other CGT events

Table of sections
104‑205 Incoming international transfer of emissions unit: CGT event K1
104‑210 Bankrupt pays amount in relation to debt: CGT event K2
104‑215 Asset passing to tax‑advantaged entity: CGT event K3
104‑220 CGT asset starts being trading stock: CGT event K4
104‑225 Special collectable losses: CGT event K5
104‑230 Pre‑CGT shares or trust interest: CGT event K6
104‑235 Balancing adjustment events for depreciating assets and certain assets used for R&D: CGT event K7
104‑240 Working out capital gain or loss for CGT event K7: general case
104‑245 Working out capital gain or loss for CGT event K7: pooled assets
104‑250 Direct value shifts: CGT event K8
104‑255 Carried interests: CGT event K9
104‑260 Certain short‑term forex realisation gains: CGT event K10
104‑265 Certain short‑term forex realisation losses: CGT event K11
104‑270 Foreign hybrids: CGT event K12

104‑205  Incoming international transfer of emissions unit: CGT event K1
 (1) CGT event K1 happens if:
 (a) any of the following conditions is satisfied:
 (iii) a *Kyoto unit is transferred from your foreign account (within the meaning of the Australian National Registry of Emissions Units Act 2011) to your Registry account (within the meaning of that Act) or your