Document ID: chunk:federal_register_of_legislation:C2025C00029:section:3:p13
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 3 (pt 13/13)
Character Range: 2504387–2505748

choose to obtain a roll‑over only if these other requirements are satisfied.
Note: The roll‑over consequences are set out in section 124‑90.
 (2) The other asset cannot become an item of your *trading stock just after you *acquire it, nor can it be a *depreciating asset whose decline in value is worked out under Division 40 or deductions for which are calculated under Division 328 nor can it be a *registered emissions unit.
 (3) The *market value of the other asset (when you *acquire it) must be more than the *cost base of the original asset just before the event happens.

The consequences of a roll‑over being available

124‑85  Consequences for receiving money
 (1) If you receive money for the event happening, there are these consequences if you choose to obtain a roll‑over.

Original asset acquired on or after 20 September 1985
 (2) If you make a *capital gain from the event, this table sets out in what situations the gain is reduced, not reduced or disregarded.
  It also sets out in what situations the expenditure you incurred to *acquire another *CGT asset or to repair or restore the original asset is reduced.

You make a capital gain from the event
Item                                    In this situation:                                                                                                       There are these consequences