Legislation

ITAA 1997 s 701C-B of the Income Tax (Transitional Provisions) Act 1997 (IT(TP)A 1997) as a transitional foreign-held indirect subsidiary (TFHIS) becomes a member of a consolidated, or multiple entry consolidated (MEC) group, and is not a chosen transitional entity in accordance with section 701-5 of the IT(TP)A 1997, the tax costs of the assets of the entity are set in accordance with Divisions 701 and 705

ATO documents that consider ITAA 1997 s 701C-B of the Income Tax (Transitional Provisions) Act 1997 (IT(TP)A 1997) as a transitional foreign-held indirect subsidiary (TFHIS) becomes a member of a consolidated, or multiple entry consolidated (MEC) group, and is not a chosen transitional entity in accordance with section 701-5 of the IT(TP)A 1997, the tax costs of the assets of the entity are set in accordance with Divisions 701 and 705

1 document

TD 2005/D12 (Finalised)replacedTD · 2005

Income tax: consolidation: cost setting: are the tax costs of the assets of a transitional foreign-held indirect subsidiary which is not a chosen transitional entity set when the entity becomes a member of a consolidated or multiple entry consolidated group?