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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