Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) An * indirect value shift does not have consequences under this Division if the * gaining entity is a * wholly - owned subsidiary of the * losing entity throughout the * IVS period.
Exception: impact on market value of primary loan interest
(2) However, subsection (1) does not apply if the * indirect value shift has produced a * disaggregated attributable decrease, in the * market value of an * affected interest in the * losing entity that is also a * primary loan interest in an entity covered by subsection (3), for the owner of the interest.
(3) This subsection covers:
(a) the * losing entity; and
(b) an entity that owns * primary equity interests in an entity that this subsection covers because of one or more previous applications of it.
Table of sections
727 - 300 What the rules in this Subdivision are for
727 - 315 Transfer, for its adjustable value, of depreciating asset acquired for less than $1,500,000