Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-95 - VALUE SHIFTING  

Division 727 - Indirect value shifting affecting interests in companies and trusts, and arising from non-arm ' s length dealings  

Subdivision 727-F - Consequences of an indirect value shift  

Affected interests

SECTION 727-460   727-460   Affected interests in the losing entity  


These are the affected interests in the * losing entity:


(a) each * equity or loan interest that an * affected owner owns in the losing entity immediately before the * IVS time; and


(b) each equity or loan interest that:


(i) an affected owner owns in another affected owner immediately before the IVS time; and

(ii) is an * indirect equity or loan interest in the losing entity;

(except one covered by an exception in section 727-470 ).


 

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