Commonwealth Consolidated Acts

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INCOME TAX ASSESSMENT ACT 1997 - SECT 727.465

Affected interests in the gaining entity

                   If immediately before the * IVS time the * gaining entity is a company or trust (except one listed in section 727- 125 (about superannuation entities)), these are the affected interests in the gaining entity:

                     (a)  each * equity or loan interest that an * affected owner owns in the gaining entity immediately before the * IVS time; and

                     (b)  each equity or loan interest that:

                              (i)  an affected owner owns in another affected owner immediately before the IVS time; and

                             (ii)  is an * indirect equity or loan interest in the gaining entity;

(except one covered by an exception in section 727-470).



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