INCOME TAX ASSESSMENT ACT 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-5 - CORPORATE TAXPAYERS AND CORPORATE DISTRIBUTIONS  

Division 166 - Income tax consequences of changing ownership or control of a widely held or eligible Division 166 company  

Subdivision 166-E - Concessional tracing rules  

Application of this Subdivision

SECTION 166-220   166-220   Application of this Subdivision  


This Subdivision applies to a company (the tested company ) that is:


(a) a *widely held company at all times during the income year; or


(b) an *eligible Division 166 company at all times during the income year; or


(c) a widely held company for a part of the income year and an eligible Division 166 company for the rest of the income year.

Note:

See section 165-255 for the rule about incomplete income years.


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