Exemptions and Rollovers

There are exemptions or rollovers that may allow you to reduce, defer or disregard your capital gain or capital loss.

There is no rollover or exemption for a capital gain you make when you sell an asset and put the proceeds into a superannuation fund, use the proceeds to purchase an identical or similar asset or you transfer an asset into a superannuation fund.

For example, if you sell a rental property and put the proceeds into a superannuation fund or use the proceeds to purchase another rental property, rollover is not available. However, an asset or the capital proceeds from the sale of an asset may be transferred into a superannuation fund to satisfy certain conditions under the small business retirement exemption.