Queensland Family Law Practice

What is CGT rollover and how does it apply to asset transfers in divorce?

What is CGT rollover and how does it apply to asset transfers in divorce?

CGT rollover, or capital gains tax rollover, is a provision in tax law that allows for the deferral of capital gains tax when certain assets are transferred between spouses as a result of divorce or relationship breakdown. It allows the transfer to occur without triggering an immediate capital gains tax liability.

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