Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) Modifications can occur from the time you acquired the CGT asset to when a CGT event happens in relation to it.
Note: You should keep records of the modifications: see Division 121.
(2) Most modifications replace the first element (what you paid for a CGT asset) of the cost base and reduced cost base of the asset.
(3) Subdivision 112 - A contains operative provisions setting out the general situations that may result in a modification to the general rules.
(4) Subdivision 112 - B (which is a guide) has a number of tables (each one covering a specialist topic) that tell you each situation that may result in a modification to the general rules.
(5) Subdivision 112 - C (which is a guide) explains what a replacement - asset roll - over is and how it can modify the cost base or reduced cost base.
(6) Subdivision 112 - D (which is a guide) explains what a same - asset roll - over is and how it can modify the cost base or reduced cost base.
(7) Section 230 - 505 provides special rules for working out the amount of consideration for an asset if the asset is a * Division 230 financial arrangement or a Division 230 financial arrangement is involved in that consideration.
Table of sections
112 - 15 General rule for replacement modifications
112 - 20 Market value substitution rule
112 - 25 Split, changed or merged assets
112 - 30 Apportionment rules
112 - 35 Assumption of liability rule
112 - 36 Acquisitions of assets involving look - through earnout rights
112 - 37 Put options