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-E
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Adjustments for errors etc.
Operative provisions
SECTION 705-305 705-305 Object of this Subdivision
The object of this Subdivision is to avoid the time and expense involved in correcting errors affecting * tax cost setting amount calculations. This is done by providing for * capital gains or * capital losses to reverse the errors.
View history note
Hide history noteSECTION 705-305 705-305 Object of this Subdivision
The object of this Subdivision is to avoid the time and expense involved in correcting errors affecting * tax cost setting amount calculations. This is done by providing for * capital gains or * capital losses to reverse the errors.
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