s 126-165
In forceReferences to Subdivision 126‑B of the Income Tax Assessment Act 1997
Chapter 3Specialist liability rules
Part 3-3Capital gains and losses: special topics
Division 126Roll‑overs
Subdivision 126-BTransfer of life insurance business
126-165 References to Subdivision 126‑B of the Income Tax Assessment Act 1997
A reference in an Act to a roll‑over under Subdivision 126‑B of the Income Tax Assessment Act 1997 includes a reference to a roll‑over under this Subdivision.
Example:
Examples of the operation of this provision include:
(a)
CGT event J1 may happen if the recipient company stops being a 100% subsidiary of a member of a company group after a roll‑over under this Subdivision; and
(c)
an allocable cost amount may be affected under section 705‑93 because of a roll‑over under this Subdivision.
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