Legislation

ITAA 1997 s 701C-30 of the Income Tax (Transitional Provisions) Act 1997 (IT(TP)A 1997), a transitional foreign-held subsidiary of a consolidated or MEC group is treated as part of the head company of the group rather than as a separate entity for the purposes of the tax cost setting provisions in section 701-10, Subdivision 705-A and Subdivision 705-B

ATO documents that consider ITAA 1997 s 701C-30 of the Income Tax (Transitional Provisions) Act 1997 (IT(TP)A 1997), a transitional foreign-held subsidiary of a consolidated or MEC group is treated as part of the head company of the group rather than as a separate entity for the purposes of the tax cost setting provisions in section 701-10, Subdivision 705-A and Subdivision 705-B

1 document

TD 2005/D11 (Finalised)replacedTD · 2005

Income tax: consolidation: cost setting: are the tax costs of assets of a subsidiary member of a consolidated or MEC group set if some of the subsidiary member's membership interests are directly held by entities outside the group?