Income Tax Assessment Act 1997
The * direct value shift has 2 aspects. 725-160(2)
Overall, it consists of:
(a) the decreases in *market value of the down interests; and
(b) the issue at a * discount of the up interests covered by subsection 725-145(2) ; and
(c) the increases in market value of the up interests covered by subsection 725-145(3) . 725-160(3)
This Division also proceeds on the basis that the * direct value shift is from each of the * down interests to each of the * up interests.
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