Document ID: chunk:federal_register_of_legislation:C2011C00698:clause:5_50
Version: federal_register_of_legislation:C2011C00698
Segment Type: clause
Provision Reference: sch 5 cl 50
Character Range: 91554–92320

50  Subsection 995‑1(1)
Insert:

deferred roll‑over gain: an asset has a deferred roll‑over gain at a particular time if:
 (a) before that time there was a roll‑over under a provision or former provision of this Act in relation to a disposal or a *CGT event that happened in relation to the asset; and
 (b) as a result of the roll‑over all or part of a *capital gain from the disposal or CGT event was disregarded.
The amount of the deferred roll‑over gain is equal to the amount of the capital gain that was disregarded, reduced by the amount (if any) by which the gain has been taken into account in working out a *net capital gain (section 102‑5) or *net capital loss (section 102‑10) in relation to the asset between the roll‑over time and the particular time.