Income Tax Assessment Act 1997
CHAPTER 3
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SPECIALIST LIABILITY RULES
PART 3-90
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CONSOLIDATED GROUPS
Division 711
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Tax cost setting amount for membership interests where entities cease to be subsidiary members of consolidated groups
SECTION 711-1
What this Division is about
View history note
Hide history noteIf an entity ceases to be a subsidiary member of a consolidated group, the tax cost setting amount for the group ' s membership interests in the entity reflects the group ' s cost for the entity ' s net assets.
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