Document ID: chunk:federal_register_of_legislation:C2025C00029:section:37
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 37
Character Range: 2087014–2089657

37                                            The issuing of a share gives rise to an entitlement to a tax offset under Subdivision 360‑A                                                                                           First element of cost base and reduced cost base                                                                                                                Sections 360‑50, 360‑55, 360‑60 and 360‑65

Subdivision 112‑C—Replacement‑asset roll‑overs

Table of sections
112‑100 Effect of this Subdivision
112‑105 What is a replacement‑asset roll‑over?
112‑110 How is the cost base of the replacement asset modified?
112‑115 Table of replacement‑asset roll‑overs

112‑100  Effect of this Subdivision
  This Subdivision is a *Guide.
Note: In interpreting an operative provision, a Guide may be considered only for limited purposes: see section 950‑150.

112‑105  What is a replacement‑asset roll‑over?
 (1) A replacement‑asset roll‑over allows you to defer the making of a capital gain or a capital loss from one CGT event until a later CGT event happens.
 (2) It involves your ownership of one CGT asset (the original asset) ending and you acquiring another one (the replacement asset).
 (3) All replacement‑asset roll‑overs are set out in the table in section 112‑115.

112‑110  How is the cost base of the replacement asset modified?
  If you acquired the original asset on or after 20 September 1985:
 (a) the first element of the replacement asset's cost base is replaced by the original asset's cost base at the time you acquired the replacement asset; and
 (b) the first element of the replacement asset's reduced cost base is replaced by the original asset's reduced cost base at the time you acquired the replacement asset.
Note 1: Some replacement‑asset roll‑overs involve other rules that affect the cost base or reduced cost base of the replacement asset.
Note 2: If you acquired the original asset before 20 September 1985, you are taken to have acquired the replacement asset before that day: see Subdivision 124‑A.
Note 3: The reduced cost base may be further modified if the replacement asset roll‑over happens after a demerger: see section 125‑170.

112‑115  Table of replacement‑asset roll‑overs
  This table sets out all the replacement‑asset roll‑overs and tells you where you can find more detail about each one.
  Provisions of this Act are in normal text. The other provisions, in bold, are provisions of the Income Tax Assessment Act 1936.

Replacement‑asset roll‑overs
Item                          For the rules about this roll‑over:                                                    See: