‑5 What this Subdivision is about
There are tax‑neutral consequences of a body, that is incorporated under one law and ceases to exist, disposing of an asset to a company incorporated under another law, if the ownership of the company is not significantly different from the ownership of the body. Table of sections Application and object of this Subdivision 620‑10 Application 620‑15 Object CGT consequences 620‑20 Disregard body’s capital gains and losses from CGT assets 620‑25 Cost base and pre‑CGT status of CGT asset for company Consequences for depreciating assets 620‑30 Roll‑over relief for balancing adjustment events Consequences for trading stock 620‑40 Body taken to have sold trading stock to company Consequences for revenue assets 620‑50 Body taken to have sold revenue assets to company
Sourced from the Federal Register of Legislation at 25 May 2026. For the latest information on Australian Government law please go to https://www.legislation.gov.au. Verify the current text against the official source before relying on it.
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