Roll-over for the exchange of units in a unit trust for shares in a company where units are revenue assets or trading stock

The Government proposes to extend the capital gains tax (CGT) roll-over for the exchange of units in a unit trust for shares in a company (Subdivision 124-H of the Income Tax Assessment Act 1997) to provide roll-over where units in a unit trust undergoing a restructure are held as revenue assets or trading stock.

Treasury is releasing a proposals paper that will form the basis of consultation on the policy design of these measures. The proposals paper sets out, in broad terms, how the measures may be implemented.

The purpose of this proposals paper is to provide interested parties with an opportunity to comment on the policy design of these measures.