Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-95 - VALUE SHIFTING  

Division 725 - Direct value shifting affecting interests in companies and trusts  

Subdivision 725-B - What is a direct value shift?  

SECTION 725-160   What is the nature of a direct value shift?  

725-160(1)    
The ^* direct value shift has 2 aspects.

725-160(2)    
Overall, it consists of:

(a) the decreases in *market value of the down interests; and

(b) the issue at a ^* discount of the up interests covered by subsection 725-145(2) ; and

(c) the increases in market value of the up interests covered by subsection 725-145(3) .

725-160(3)    
This Division also proceeds on the basis that the ^* direct value shift is from each of the ^* down interests to each of the ^* up interests.