s 615-5
In forceRoll‑overs between the 2011 and 2012 Budget times
Chapter 3Specialist liability rules
Part 3-80Roll‑overs applying to assets generally
Division 615Roll‑overs for business restructures
Subdivision 615-AModifications for roll‑overs between the 2011 and 2012 Budget times
615-5 Roll‑overs between the 2011 and 2012 Budget times
Subdivision 615‑C of the Income Tax Assessment Act 1997 applies to you with the modifications set out in this Subdivision if you chose to obtain a roll‑over involving *shares or units that:
(a)
were disposed of, redeemed or cancelled during the period:
(i)
starting at 7.30 pm, by legal time in the Australian Capital Territory, on 10 May 2011; and
(ii)
ending immediately before 7.30 pm, by legal time in the Australian Capital Territory, on 8 May 2012; and
(b)
were your trading stock, or revenue assets, at the time immediately before that disposal, redemption or cancellation.
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