Income Tax Assessment Act 1997
CHAPTER 3
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SPECIALIST LIABILITY RULES
PART 3-90
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CONSOLIDATED GROUPS
Division 705
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Tax cost setting amount for assets where entities become subsidiary members of consolidated groups
Subdivision 705-A
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Basic case: a single entity joining an existing consolidated group
Tax cost setting amount for assets that joining entity brings into joined group
SECTION 705-20 705-20 Tax cost setting amount worked out under this Subdivision
If this Subdivision has effect, for the purposes of item 1 in the table in section 701-60 (Tax cost setting amount) the * tax cost setting amount for an asset whose * tax cost is set at the time the joining entity becomes a * subsidiary member of the joined group is worked out under this Subdivision.
View history note
Hide history noteSECTION 705-20 705-20 Tax cost setting amount worked out under this Subdivision
If this Subdivision has effect, for the purposes of item 1 in the table in section 701-60 (Tax cost setting amount) the * tax cost setting amount for an asset whose * tax cost is set at the time the joining entity becomes a * subsidiary member of the joined group is worked out under this Subdivision.
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