Income Tax Assessment Act 1997



Division 725 - Direct value shifting affecting interests in companies and trusts  

Subdivision 725-B - What is a direct value shift?  

SECTION 725-160   What is the nature of a direct value shift?  

The * direct value shift has 2 aspects.

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) .

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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