Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-95 - VALUE SHIFTING  

Division 727 - Indirect value shifting affecting interests in companies and trusts, and arising from non-arm ' s length dealings  

Subdivision 727-F - Consequences of an indirect value shift  

Affected interests

SECTION 727-465   727-465   Affected interests in the gaining entity  


If immediately before the * IVS time the * gaining entity is a company or trust (except one listed in section 727-125 (about superannuation entities)), these are the affected interests in the gaining entity:


(a) each * equity or loan interest that an * affected owner owns in the gaining entity immediately before the * IVS time; and


(b) each equity or loan interest that:


(i) an affected owner owns in another affected owner immediately before the IVS time; and

(ii) is an * indirect equity or loan interest in the gaining entity;

(except one covered by an exception in section 727-470 ).


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.