Document ID: chunk:federal_register_of_legislation:C2025C00029:section:2:p37
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 2 (pt 37/59)
Character Range: 2624289–2627072

attributable to that ineligible part; and
 (b) reduce the *reduced cost base of that entitlement similarly.

124‑1120  Roll‑over consequences—all original entitlements post‑CGT
 (1) In a situation covered by subsection 124‑1105(1), if you *acquired the original entitlement on or after 20 September 1985, the first element of the *cost base of the new entitlement (or of each of the new entitlements) is such amount as is reasonable having regard to:
 (a) the cost base and *market value of the original entitlement; and
 (b) the number and market value of the new entitlements; and
 (c) any amount you paid to get the new entitlement (which can include giving property: see section 103‑5).
 (2) In a situation covered by subsection 124‑1105(2), if you *acquired the original entitlements on or after 20 September 1985, the first element of the *cost base of the new entitlement (or of each of the new entitlements) is such amount as is reasonable having regard to:
 (a) the total of the cost bases of all the original entitlements; and
 (b) the number and *market value of the original entitlements; and
 (c) the number and market value of the new entitlements; and
 (d) any amount you paid to get the new entitlements (which can include giving property: see section 103‑5).
 (3) In the situation covered by subsection 124‑1105(1) or (2), the first element of the *reduced cost base of the new entitlement (or of each of the new entitlements) is worked out similarly.
 (4) For the purposes of paragraphs (1)(b) and (2)(c), the *market value of the new entitlements is their market value at the time you *acquired them.

124‑1125  Roll‑over consequences—all original entitlements pre‑CGT
 (1) In the situation covered by subsection 124‑1105(1), if you *acquired the original entitlement before 20 September 1985, you are taken to have acquired the new entitlement (or all of the new entitlements) before that day.
 (2) In the situation covered by subsection 124‑1105(2), if you *acquired the original entitlements before 20 September 1985, you are taken to have acquired the new entitlement (or all of the new entitlements) before that day.

124‑1130  Roll‑over consequences—some original entitlements pre‑CGT, others post‑CGT
 (1) This section applies if:
 (a) the roll‑over is under subsection 124‑1105(2); and
 (b) you *acquired one or more of the original entitlements before 20 September 1985; and
 (c) you acquired one or more of the original entitlements on or after that day.
 (2) You are taken to have *acquired so many of your new entitlements before 20 September 1985 as is reasonable, having regard to:
 (a) the number and *market value of your original entitlements; and
 (b) the number and market value of your new entitlements.
 (3) The first element of the *cost base