INCOME TAX (TRANSITIONAL PROVISIONS) ACT 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-90 - CONSOLIDATED GROUPS  

Division 701C - Modified application etc. of provisions of Income Tax Assessment Act 1997: transitional foreign-held membership structures  

Subdivision 701C-C - Modifications of tax cost setting rules  

Other modifications

SECTION 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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