Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-95 - VALUE SHIFTING  

Division 727 - Indirect value shifting affecting interests in companies and trusts, and arising from non-arm ' s length dealings  

Subdivision 727-F - Consequences of an indirect value shift  

Affected interests

SECTION 727-525  

727-525   Indirect equity or loan interest  

An ^* equity or loan interest in an entity is an indirect equity or loan interest in another entity if, and only if:

(a) the first entity owns an equity or loan interest in the other entity; or

(b) the first entity owns an equity or loan interest that is an indirect equity or loan interest in the other entity because of one or more other applications of this section.