INCOME TAX ASSESSMENT ACT 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-45 - RULES FOR PARTICULAR INDUSTRIES AND OCCUPATIONS  

Division 328 - Small business entities  

Subdivision 328-G - Restructures of small businesses  

Guide to Subdivision 328-G

SECTION 328-420   What this Subdivision is about  


There are tax-neutral consequences for a small business entity that restructures the ownership of the assets of the business, without changing the ultimate economic ownership of the assets.


TABLE OF SECTIONS
TABLE OF SECTIONS
Object of this Subdivision
328-425 Object of this Subdivision
Requirements of a roll-over under this Subdivision
328-430 When a roll-over is available
328-435 Genuine restructures - safe harbour rule
328-440 Ultimate economic ownership - discretionary trusts
328-445 Residency requirement
Consequences of a roll-over under this Subdivision
328-450 Small business transfers not to affect income tax positions
328-455 Effect of small business restructures on transferred cost of assets
328-460 Effect of small business restructures on acquisition times of pre-CGT assets
328-465 New membership interests as consideration for transfer of assets
328-470 Membership interests affected by transfers of assets
328-475 Small business restructures involving assets already subject to small business roll-over


 

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