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-D
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Where multiple entities are linked by membership interests
SECTION 705-210
What this Subdivision is about
View history note
Hide history noteWhen entities that are linked by membership interests join a consolidated group, the tax cost setting amount for the assets of each entity that becomes a subsidiary member is worked out by modifying the rules in Subdivision 705-A , so that the amount reflects the cost to the group of acquiring the entities.
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