Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-90 - CONSOLIDATED GROUPS  

Division 705 - Tax cost setting amount for assets where entities become subsidiary members of consolidated groups  

Subdivision 705-A - Basic case: a single entity joining an existing consolidated group  

Tax cost setting amount for assets that joining entity brings into joined group

SECTION 705-20   705-20   Tax cost setting amount worked out under this Subdivision  


If this Subdivision has effect, for the purposes of item 1 in the table in section 701-60 (Tax cost setting amount) the * tax cost setting amount for an asset whose * tax cost is set at the time the joining entity becomes a * subsidiary member of the joined group is worked out under this Subdivision.

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