Commonwealth Consolidated Acts

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INCOME TAX ASSESSMENT ACT 1997 - SECT 727.750

What this Subdivision is about

Under the adjustable value method:

  the adjustable values of affected interests in the losing entity are reduced; and

  the adjustable values of affected interests in the gaining entity are uplifted, within limits worked out by references to the reductions in the adjustable values of affected interests in the losing entity.

The consequences of that are:

  the cost base and reduced cost base of the interests are reduced or uplifted (or both); and

  if the interests are also trading stock or revenue assets, there are further consequences for them in their character as such.

Table of sections

727 - 755   Consequences of indirect value shift

Reductions of adjustable value

727 - 770   Reduction under the adjustable value method

727 - 775   Has there been a disaggregated attributable decrease?

727 - 780   Working out the reduction on a loss - focussed basis

Uplifts of adjustable value

727 - 800   Uplift under the attributable increase method

727 - 805   Has there been a disaggregated attributable increase?

727 - 810   Scaling - down formula

Consequences of the method for various kinds of assets

727 - 830   CGT assets

727 - 835   Trading stock

727 - 840   Revenue assets



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