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INCOME TAX ASSESSMENT ACT 1997 - SECT 727.700

When 95% services indirect value shift is excluded

             (1)  If the * indirect value shift is a * 95% services indirect value shift, this Subdivision does not apply to a * realisation event that:

                     (a)  happens to an * affected interest in the * losing entity that is owned by an entity (the owner ); and

                     (b)  is covered by subsection 727-610(2);

unless:

                     (c)  the conditions in section 727- 705 are met for the indirect value shift; or

                     (d)  the conditions in section 727-710, 727-715 or 727-720 are met for the indirect value shift and for that realisation event.

             (2)  An * indirect value shift is a 95% services indirect value shift if, and only if, to the extent of at least 95% of their total * market value, the * greater benefits consist entirely of:

                     (a)  a right to have services that are covered by section 727- 240 provided directly by the * losing entity to the * gaining entity; or

                     (b)  services that are covered by section 727- 240 and have been, are being, or are to be, so provided;

or both.

             (3)  This section does not limit any other exclusion in this Subdivision or in Subdivision 727-C.

95% services indirect value shifts that are not excluded



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