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-A - Scope of the direct value shifting rules  

SECTION 725-95   Direct value shift resulting from reversal  

725-95(1)  
A * direct value shift does not have consequences for any entity under this Division if:


(a) section 725-90 applies, and the state of affairs referred to in paragraph 725-90(1)(a) ceases to exist; and


(b) the direct value shift would not have happened but for that state of affairs ceasing to exist.

725-95(2)  
However, if section 725-90 stops applying, this section is taken never to have applied to the later direct value shift.


View surrounding sectionsView surrounding sectionsBack to top


This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.