Income Tax Assessment Act 1997
CHAPTER 4
-
INTERNATIONAL ASPECTS OF INCOME TAX
If, apart from this section, this Division (except this Subdivision) would have a single application to the *head company or single company, or to the establishment entity, in relation to a period (the test period ) that:
(a) is all or part of an income year of that entity; and
(b) overlaps the grouping period;
(c) a single application in relation to the period of overlap; and
(d) a single application in relation to the part (if any) of the test period that is before the period of overlap; and
(e) a single application in relation to the part (if any) of the test period that is after the period of overlap.
PART 4-5
-
GENERAL
Division 820
-
Thin capitalisation rules
Subdivision 820-FB
-
Grouping branches of foreign banks and foreign financial entities with a consolidated group, MEC group or single Australian resident company
Effect of choice
SECTION 820-607
820-607
Effect on test periods under this Division
If, apart from this section, this Division (except this Subdivision) would have a single application to the *head company or single company, or to the establishment entity, in relation to a period (the test period ) that:
(a) is all or part of an income year of that entity; and
(b) overlaps the grouping period;
this Division (except this section) is to have separate applications to that entity as follows:
(c) a single application in relation to the period of overlap; and
(d) a single application in relation to the part (if any) of the test period that is before the period of overlap; and
(e) a single application in relation to the part (if any) of the test period that is after the period of overlap.
This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.