Document ID: chunk:federal_register_of_legislation:C2004C00958:clause:1_6:p10
Version: federal_register_of_legislation:C2004C00958
Segment Type: clause
Provision Reference: sch 1 cl 6 (pt 10/10)
Character Range: 233312–234275

a car, motor cycle or similar vehicle) or a *collectable of a company or trust; and

 (b) *CGT event A1, C2 or E8 happens to:

 (i) *shares you own in the company (or in a company that is a member of the same *wholly‑owned group); or

 (ii) an interest you have in the trust.

Note: The full list of CGT events is in section 104‑5.

 (2) The *capital proceeds from the event are replaced with the market value of the *shares, or the interest in the trust.

  The market value is worked out as at the time of the event as if the fall in market value of the *personal use asset or *collectable had not occurred.

Note: You may also make a collectable loss: see CGT event K5.

116‑85  Section 47A of 1936 Act applying to rolled‑over asset

 (1) You reduce the *capital proceeds from a *CGT event that happens in relation to a *CGT asset you have if the conditions in this table are satisfied.

Conditions for reduction
Item                      Condition