Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 727.200

Some indirect value shifts do not have consequences under this Division.

Note 1:   If the consequences of an indirect value shift are to be worked out using the realisation time method (under Subdivision   727 - G), there are further exclusions for certain 95% services indirect value shifts: see section   727 - 700.

Note 2:   For cases where there may be both a direct value shift and an indirect value shift, see Subdivision   727 - L.

Table of sections

General

727 - 215   Amount does not exceed $50,000

727 - 220   Disposal of asset at cost, or at undervalue if full value is not reflected in adjustable values of equity or loan interests in the losing entity

Indirect value shifts involving services

727 - 230   Services provided by losing entity to gaining entity for at least their direct cost

727 - 235   Services provided by gaining entity to losing entity for no more than a commercially realistic price

727 - 240   What services certain provisions apply to

727 - 245   How to work out certain amounts for the purposes of sections   727 - 230 and 727 - 235

Anti - overlap provisions

727 - 250   Distribution by an entity to a member or beneficiary

Miscellaneous

727 - 260   Shift down a wholly - owned chain of entities