INCOME TAX (TRANSITIONAL PROVISIONS) ACT 1997 - SECT 701C.35 Trading stock value not set for assets of transitional foreign

Commonwealth Consolidated Acts

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INCOME TAX (TRANSITIONAL PROVISIONS) ACT 1997 - SECT 701C.35

Trading stock value not set for assets of transitional foreign - held subsidiaries

Subsection 701 - 35(4) of the Income Tax Assessment Act 1997 (setting value of trading stock at tax - neutral amount) does not apply to the assets of the transitional foreign - held joining entity if it is a transitional foreign - held subsidiary.

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