Commonwealth Consolidated Acts

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INCOME TAX (TRANSITIONAL PROVISIONS) ACT 1997 - SECT 615.20

Modifications--revenue assets

                   Substitute the following for subsection 615-55(2) of that Act:

             (2)  For the purpose of calculating any profit or loss on a future disposal, cessation of ownership, or other realisation of a * share in the interposed company that you acquired in return for those of your shares or units in the original entity that were * revenue assets at the time mentioned in paragraph 615-45(c), you are taken to have paid:

Table of Subdivisions

620-A   Corporations covered by Subdivision 124-I

Table of sections

620-10      Application of Subdivision 620-A of the Income Tax Assessment Act 1997



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