Tax Collection 3 Capital Gains Demerging Entity Exemption Amount The amount of capital gains exempt from Capital Gains Tax (CGT) as a result of an entity demerger. An entity demerger is a restructure in which owners of interests or shares in a head company gain direct ownership of an entity which was previously owned indirectly by the head company, via the ownership of interests or shares. Capital Gains Foreign Resident Exemption Amount The amount of capital gains exempt from Capital Gains Tax (CGT) where a foreign resident or the trustee of a foreign trust for CGT purposes has experienced a CGT event (transaction) during the income year Capital Gains Inter Company Asset Rollover Deferral Amount The amount of capital gains deferred from Capital Gains Tax (CGT) as a result of an inter company asset rollover Capital Gains Script For Script Rollover Deferral Amount The amount of capital gains deferred from Capital Gains Tax (CGT) as a result of a script for script rollover Capital Gains Total Amount The total amount of capital gains incurred from the sale of or transactions in relation to capital assets. Capital Losses Total Amount The total amount of capital losses incurred from the sale of or transactions in relation to capital assets. The capital loss incurred may also be applied to reduce capital gains. Capital Losses Transferred Total Amount The total amount of capital losses transferred between entities in order to reduce overall capital gains Capital Gains Tax Exemption Or Rollover Applied Code A code that describes the most specific rollover and exemption that applies. Valid values are: Q - Trust restructure roll-over = Trust restructure rollover Subdivision 124N R - Demerger roll-over = Demerger rollover Subdivision 125B S - Same asset roll-overs = Same asset rollovers Division 126 P - Exchange of units in a unit trust for shares in a company = Exchange of units in a unit trust for shares in a company Subdivision 124H I - Main residence exemption = Main residence exemption Subdivision 118B O - Exchange of shares in one company for shares in another company = Exchange of shares in one company for shares in another company Subdivision 124G J - Capital gains disregarded as a result of the sale of a pre-CGT asset = Capital gains disregarded as a result of the sale of a preCGT asset B - Small business retirement exemption = Small business retirement exemption Subdivision152D K - Disposal or creation of assets in a wholly-owned company = Disposal or creation of assets in a wholly owned company Division 122 A - Small business active asset reduction = Small business active asset reduction Subdivision 152C D - Small business 15 year exemption = Small business 15 year exemption Subdivision152B M - Exchange of shares or units = Exchange of shares or units Subdivision 124E G - Inter-company roll-over = Intercompany rollover Subdivision 126B E - Foreign resident CGT exemption = Foreign resident CGT exemption Division 855 F - Scrip for scrip roll-over = Scrip for scrip rollover Subdivision 124M H - Demerger exemption = Demerger exemption Subdivision 125C X - Other exemptions and roll-overs = Other exemptions and rollovers C - Small business roll-over = Small business rollover Subdivision 152E N - Exchange of rights or options = Exchange of rights or options Subdivision 124F L - Replacement asset roll-overs = Replacement asset rollovers Division 124 Capital Gains Tax Exemption Or Rollover Applied Indicator An indicator to determine if capital gains has been disregarded and/or deferred as a result of an application of a Capital Gains Tax (CGT) exemption or rollover. Valid values are: TRUE = Capital Gains Tax exemption or rollover has been applied FALSE = Capital Gains Tax exemption or rollover has not been applied Tax Losses Carry Back Offset Amount The amount of loss carry back tax offset Tax Losses Majority Ownership Indicator An indicator to determine whether a person has satisfied the continuity of majority ownership test. The majority ownership must be maintained for the whole period. There must be persons who beneficially owned (between them) shares carrying (between them) the right to: * exercise more than 50% of the voting power in the company * receive more than 50% of the company's dividends, and * receive more than 50% of the company's capital distributions. Valid values are: TRUE = The continuity of majority ownership test is satisfied FALSE = The continuity of majority ownership test is not satisfied Tax Losses Same Business Indicator An indicator of whether a party has satisfied the Same Business Test or not. The same-business test is a metric by which the Government can identify businesses eligible for certain deductions or bonuses. It mandates that a business applying for some sort of benefit needs to be essentially the same business it was during a previous point in time. Valid values are: TRUE = The same-business test is satisfied FALSE = The same-business test is not satisfied