Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-5 - CORPORATE TAXPAYERS AND CORPORATE DISTRIBUTIONS  

Division 165 - Income tax consequences of changing ownership or control of a company  

Subdivision 165-G - Other special provisions  

SECTION 165-255   Incomplete periods  

165-255(1)  
If:


(a) this Division or Division 166 requires a company to meet or satisfy a condition or test, or work out an amount, for a period; and


(b) the company is only in existence after the beginning of the period;

then the period is taken to start on the first day that the company is in existence.

165-255(2)  
If:


(a) this Division or Division 166 requires a company to meet or satisfy a condition or test, or work out an amount, for a period; and


(b) the company ceases to be in existence before the end of the period;

then the period is taken to end on the day the company ceases to be in existence.


 

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