Document ID: chunk:federal_register_of_legislation:C2024C00267:section:8:p19
Version: federal_register_of_legislation:C2024C00267
Segment Type: section
Provision Reference: s 8 (pt 19/48)
Character Range: 275320–277927

in relation to the transferee, that event does not happen if there would have been no deemed disposal and re‑acquisition of the asset by the transferee in that situation under whichever of these provisions would have been relevant for that situation if it had happened before the start of the 1998‑99 income year:
 (a) former section 160ZZOA of that Act; or
 (b) former paragraphs 160ZZO(1)(g) and (h) of that Act.
 (3) In working out whether subsection (2) affects you, take into account provisions of other Acts that amended former Part IIIA of the Income Tax Assessment Act 1936 and that affect the situation referred to in that subsection.

104‑185  Change of status of replacement asset for a roll‑over under Division 17A of former Part IIIA of the 1936 Act or Division 123 of the 1997 Act
  Section 104‑185 of the Income Tax Assessment Act 1997 applies to a replacement asset for a roll‑over under:
 (a) Division 17A of former Part IIIA of the Income Tax Assessment Act 1936; or
 (b) Division 123 of the Income Tax Assessment Act 1997;
in the same way as it applies to a replacement asset for a roll‑over under Subdivision 152‑E of the Income Tax Assessment Act 1997.

Subdivision 104‑K—Other CGT events

Table of sections
104‑205 Partial realisation of intellectual property
104‑235 CGT event K7: asset used for old law R&D activities

104‑205  Partial realisation of intellectual property
  Subsection 104‑205(3) of the Income Tax Assessment Act 1997 also reduces the cost base and reduced cost base of the item to nil if an amount was taken into account as a capital gain for the item under former section 160ZZD of the Income Tax Assessment Act 1936.

104‑235  CGT event K7: asset used for old law R&D activities

Section applies if asset used for old law R&D activities
 (1) This section applies to an R&D entity if:
 (a) a balancing adjustment event happens in an income year commencing on or after 1 July 2011 for an asset held by the R&D entity; and
 (b) at some time when the R&D entity held the asset, it used the asset for the purpose of the carrying on by or on its behalf of research and development activities (within the meaning of former section 73B of the Income Tax Assessment Act 1936).

Changed application of sections 104‑235 and 104‑240
 (2) Sections 104‑235 and 104‑240 of the Income Tax Assessment Act 1997 (the new Act) apply to the R&D entity for the event as if:
 (a) a reference in those sections to the purpose of conducting R&D activities for which you were registered under section 27A of the Industry Research and Development Act 1986;
included:
 (b) a reference to the