Section
|
Title
|
Currency date
|
C2
|
Assets
|
|
C2-0
|
About this section
|
6 May 2011
|
C2-1
|
Treatment of assets
|
6 May 2011
|
C2-1-010
|
Overview of cost setting process on formation and entry (including transitional rules)
|
6 May 2011
|
C2-1-020
|
Calculating the entry ACA (step A)
|
6 May 2011
|
C2-1-030
|
Allocating the entry ACA (steps B to E)
|
6 May 2011
|
C2-1-040
|
Modifications to entry cost setting rules
|
6 May 2011
|
C2-1-050
|
Dealing with errors in TCSAs and changes in liabilities when discharged
|
6 May 2011
|
C2-1-060
|
Cost setting on exit
|
6 May 2011
|
C2-1-070
|
Treatment of special classes of assets
|
15 July 2011
|
C2-1-080
|
Treatment of assets relating to straddle contracts (Withdrawn 6 May 2011)
|
|
C2-1-310
|
Linked assets and liabilities
|
6 May 2011
|
C2-1-410
|
CGT events arising out of the cost setting rules
|
6 May 2011
|
C2-2
|
High-level worked examples
|
|
|
|
Cost setting on entry:
|
|
C2-2-110
|
The cost setting process on entry
|
6 May 2011
|
C2-2-120
|
Consolidated group joins another consolidated group
|
6 May 2011
|
C2-2-130
|
Linked entities join a consolidated group
|
28 May 2003
|
C2-2-140
|
A trust joins a consolidated group
|
28 February 2008
|
C2-2-150
|
Partnership - all partners join consolidated group
|
14 July 2004
|
C2-2-155
|
Partnership - not all partners join consolidated group
|
6 May 2011
|
|
|
Cost setting on exit:
|
|
C2-2-210
|
The cost setting process on exit
|
6 May 2011
|
C2-3
|
Worksheets:
|
|
C2-3-110
|
Entry ACA worksheet
|
6 May 2011
|
C2-3-210
|
Over-depreciation worksheet
|
6 May 2011
|
C2-4
|
Worked examples (cost setting on entry)
|
|
|
|
Entry step A (ACA calculation):
|
|
C2-4-105
|
Transitional entities and chosen transitional entities
|
16 December 2005
|
C2-4-205
|
Calculating the ACA for non-chosen subsidiary partly held by chosen transitional entity
|
6 May 2011
|
C2-4-220
|
Amount to be used as cost for membership interests (ACA step 1)
|
15 November 2006
|
C2-4-240
|
Reduction for intragroup liabilities on entry (in ACA step 2)
|
28 February 2008
|
C2-4-241
|
Adjustment for employee shares (in ACA step 2)
|
2 December 2002
|
C2-4-242
|
Determining the amount of a deferred tax liability to be used at ACA step 2, including use of administrative short cuts
|
6 May 2011
|
C2-4-245
|
Adjustment at ACA step 2 to allow for timing differences between accounting and tax recognition of liabilities
|
6 May 2011
|
C2-4-246
|
CGT event L7 and reconstruction of the ACA (Withdrawn 6 May 2011)
|
|
C2-4-260
|
Estimating undistributed, frankable profits accruing to group before joining time (ACA step 3)
|
6 May 2011
|
C2-4-261
|
Determining undistributed, taxed (frankable) profits accrued to group before joining time (ACA step 3)
|
6 May 2011
|
C2-4-270
|
Pre-joining time rollover from foreign-resident company or a company that becomes the head company (ACA step 3A)
|
6 May 2011
|
C2-4-280
|
Adjustment at formation for distributions of profits to head company (ACA step 4)
|
26 October 2005
|
C2-4-300
|
Adjustments for losses (ACA steps 5 and 6)
|
30 June 2009
|
C2-4-340
|
Adjustment for certain inherited deductions (ACA step 7)
|
6 May 2011
|
|
|
Entry step B (allocate to retained cost base assets):
|
|
C2-4-410
|
Tax cost setting amount for retained cost base assets - entitlement to pre-paid services
|
6 May 2011
|
|
|
Entry step C (allocate to reset cost base assets):
|
|
C2-4-520
|
Tax cost setting amount for goodwill
|
26 June 2007
|
C2-4-530
|
Reduction for revenue-like assets (step C)
|
26 October 2005
|
C2-4-540
|
Adjustment for ACA allocation at formation to membership interests in subsidiaries with owned profits (step C)
|
26 October 2005
|
|
|
Entry step D (adjust for over-depreciated assets):
|
|
C2-4-605
|
Reduction for privatised depreciating assets (at step D)
|
11 March 2005
|
C2-4-610
|
Reduction for over-depreciated assets (step D)
|
6 May 2011
|
C2-4-640
|
Reduction for over-depreciated assets (step D) - administrative short cuts
|
6 May 2011
|
|
|
Entry step E (adjust for certain revenue-like assets):
|
|
C2-4-710
|
Limiting the tax cost setting amounts of revenue-like assets (step E)
|
6 May 2011
|
|
|
Pre-CGT assets on entry:
|
|
C2-4-810
|
Pre-CGT factor for assets of a joining entity
|
15 July 2011
|
C2-4-813
|
Pre-CGT status of membership interests in a joining entity - pre-CGT proportion rules
|
6 May 2011
|
C2-4-820
|
Pre-CGT factor for assets where subsidiary has membership interests in another member - formation before 10 February 2010
|
6 May 2011
|
C2-4-855
|
Applying the continuing majority-owned entity test to multi-tiered structures
|
26 October 2005
|
C2-5
|
Worked examples (cost setting on exit)
|
|
|
|
Entry step A (ACA calculation):
|
|
C2-5-220
|
Increase for certain privatised depreciating assets (at exit ACA step 1)
|
6 May 2011
|
C2-5-240
|
Adjustment for certain inherited deductions
(exit ACA step 2)
|
6 May 2011
|
C2-5-260
|
Adjustment for intragroup liabilities owed to a leaving entity on exit (in exit ACA step 3)
|
6 May 2011
|
|
|
Pre-CGT assets on exit:
|
|
C2-5-710
|
Pre-CGT membership interests in a leaving entity (with pre-CGT factor attached to assets)
|
6 May 2011
|
C2-5-713
|
Pre-CGT membership interests in a leaving entity - per-CGT proportion rules
|
6 May 2011
|
C2-5-715
|
Calculating pre-CGT membership interests in a multiple exit case (with pre-CGT factor attached to assets)
|
6 May 2011
|
C2-5-720
|
Consolidated and MEC groups - CGT rollover relief
|
6 May 2011
|
|
|
Internally generated assets:
|
|
C2-5-810
|
Continuing majority-owned entity and internally generated assets
|
2 December 2002
|
C2-6
|
Loss integrity measures and general value shifting regime:
|
|
C2-6-110
|
Effect of Subdivision 165-CC for steps one and two of the ACA calculation at formation and joining times
|
28 May 2003
|
C2-6-120
|
Effect of Subdivision 165-CC where an entity leaves a consolidated group
|
28 May 2003
|
C2-6-130
|
Effect of Subdivision 165-CD for consolidated groups
|
6 May 2011
|
C2-6-140
|
Effect of Subdivision 165-CC for MEC groups
|
28 May 2003
|
C2-6-150
|
Effect of Subdivision 165-CD for MEC groups
|
28 May 2003
|
C2-6-155
|
Subdivision 165-CD widely held company concession for an eligible tier-1 company that is a head company of a consolidated or MEC group
|
6 May 2011
|
C2-6-160
|
Application of the loss reduction method to consolidated and MEC groups
|
6 May 2011
|
C2-6-170
|
General value shifting regime (GVSR)
|
28 May 2003
|
|
|
Worked examples:
|
|
C2-6-510
|
Formation time treatment of assets head company owns from a pre-consolidation changeover time
|
28 May 2003
|
C2-6-520
|
Pre-formation changeover times - application of Subdivision 165-CC at formation (transitional period)
|
28 May 2003
|
C2-6-530
|
Treatment of assets owned by head company at both formation time and pre-consolidation changeover time (no changeover time at formation)
|
28 May 2003
|
C2-6-540
|
All assets in head company's loss denial pool become assets of leaving entity
|
28 May 2003
|
Last Modified: Thursday, 28 July 2011