Commonwealth Consolidated Acts

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INCOME TAX ASSESSMENT ACT 1997 - SECT 112.77

Exchangeable interests

 

Exchangeable interests

Item

In this situation:

Element affected:

See section:

1

You acquire shares in a company in exchange for the disposal of an exchangeable interest, and the disposal of the exchangeable interest was to:

(a) the issuer of the exchangeable interest; or

(b) a connected entity of the issuer of the exchangeable interest

First element of cost base and reduced cost base

130 - 105

2

You acquire shares in a company in exchange for the redemption of an exchangeable interest

First element of cost base and reduced cost base

130 - 105



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