FINANCIAL CORPORATIONS (TRANSFER OF ASSETS AND LIABILITIES) ACT 1993
PART 3
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INCOME TAX RELIEF FOR TRANSFERS
Division 4
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Capital gains and capital losses
SECTION 19
19
FOR THE RECEIVING CORPORATION, ASSET IS TAXABLE AUSTRALIAN PROPERTY
Parts 3-1 and 3-3 of the Income Tax Assessment Act 1997 apply to an asset acquired by the receiving corporation as a result of a transfer as if the asset is, while it is an asset of the receiving corporation, taxable Australian property.
Parts 3-1 and 3-3 of the Income Tax Assessment Act 1997 apply to an asset acquired by the receiving corporation as a result of a transfer as if the asset is, while it is an asset of the receiving corporation, taxable Australian property.
View history note
Hide history noteArchived:
S 20 repealed as inoperative by No 101 of 2006 , s 3 and Sch 2 item 65, effective 14 September 2006. For application and savings provisions see the CCH Australian Income Tax Legislation archive . For former wording see the CCH Australian Income Tax Legislation archive .
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