Income Tax Assessment Act 1997
CHAPTER 3
-
SPECIALIST LIABILITY RULES
PART 3-95
-
VALUE SHIFTING
(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.
Division 727
-
Indirect value shifting affecting interests in companies and trusts, and arising from non-arm
'
s length dealings
Guide to Division 727
SECTION 727-1
What this Division is about
If 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 |
This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.