There are tax - neutral consequences of a body, that is incorporated under one law and ceases to exist, disposing of an asset to a company incorporated under another law, if the ownership of the company is not significantly different from the ownership of the body.
Application and object of this Subdivision
620 - 20 Disregard body's capital gains and losses from CGT assets
620 - 25 Cost base and pre - CGT status of CGT asset for company
Consequences for depreciating assets
620 - 30 Roll - over relief for balancing adjustment events
Consequences for trading stock
620 - 40 Body taken to have sold trading stock to company
Consequences for revenue assets
620 - 50 Body taken to have sold revenue assets to company