Commonwealth Consolidated Acts

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Effect of this Division on realisations at a loss that occur before the nature or extent of an indirect value shift can be fully determined

             (1)  To determine whether a scheme gives rise to an indirect value shift, it must be possible to identify all the economic benefits under the scheme, and the providers and recipients of those benefits.

             (2)  Before then, interests that might be affected by the scheme may be realised at a loss. Subdivision 727-K contains special rules that apply if that happens.

Table of sections

727-95      Main object

727-100    When an indirect value shift has consequences under this Division

727-105    Ultimate controller test

727-110    Common-ownership nexus test (if both losing and gaining entities are closely held)

727-125    No consequences if losing entity is a superannuation entity

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