Income Tax Assessment Act 1997
CHAPTER 3
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SPECIALIST LIABILITY RULES
PART 3-95
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VALUE SHIFTING
Division 727
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Indirect value shifting affecting interests in companies and trusts, and arising from non-arm
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s length dealings
Guide to Division 727
SECTION 727-1
What this Division is about
(a) prevents losses from arising, because of the value shift, on realisation of direct or indirect equity or loan interests in the losing entity; and
(b) within limits, prevents gains from arising, because of the value shift, on realisation of direct or indirect equity or loan interests in the gaining entity.
View history note
Hide history noteIf there is a net shift of value between 2 related entities because of a non-arm ' s length dealing, this Division:
However, it does so only for interests that are owned by entities involved in the value shift.
| 727-5 | What is an indirect value shift? |
| 727-10 | How does this Division deal with indirect value shifts? |
| 727-15 | When does an indirect value shift have consequences under this Division? |
| 727-25 | Effect of this Division on realisations at a loss that occur before the nature or extent of an indirect value shift can be fully determined |
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