Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-90 - CONSOLIDATED GROUPS  

Division 716 - Miscellaneous special rules  

Subdivision 716-V - Research and Development  

SECTION 716-505  

716-505   History for entitlement to tax offset: joining entity  


If:


(a) a company becomes a *subsidiary member of a *consolidated group; and


(b) apart from this section, things happening in relation to the company before it became a subsidiary member would, because of section 701-5 (the entry history rule), be taken into account as things happening in relation to the *head company for working out the head company's *aggregated turnover for the purposes of section 355-100 (tax offsets for R & D);

the things happening are not to be taken into account as mentioned in paragraph (b).


View surrounding sectionsView surrounding sectionsBack to top


This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.