Document ID: chunk:federal_register_of_legislation:C2007A00055:clause:1_12:p3
Version: federal_register_of_legislation:C2007A00055
Segment Type: clause
Provision Reference: sch 1 cl 12 (pt 3/3)
Character Range: 9032–9600

asset period is modified if your *capital proceeds for the *CGT event are increased under subsection 116‑45(2) after the end of that period. Instead, you have until 12 months after you receive those additional proceeds to *acquire a replacement asset, or incur *fourth element expenditure in relation to a *CGT asset, or do both.

Note: Section 116‑45 applies if you do not receive your capital proceeds despite having taken all reasonable steps to get them.

 (2) The Commissioner may extend the replacement asset period, or that period as modified by subsection (1).