Income Tax (Transitional Provisions) Act 1997
View history note
Hide history noteSECTION 701C-35 701C-35 Trading stock value not set for assets of transitional foreign-held subsidiaries
Subsection 701-35(4) of the Income Tax Assessment Act 1997 (setting value of trading stock at tax-neutral amount) does not apply to the assets of the transitional foreign-held joining entity if it is a transitional foreign-held subsidiary.
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