Income Tax Assessment Act 1997

CHAPTER 4 - INTERNATIONAL ASPECTS OF INCOME TAX  

PART 4-5 - GENERAL  

Division 768 - Foreign non-assessable income and gains  

Subdivision 768-G - Reduction in capital gains and losses arising from CGT events in relation to certain voting interests in active foreign companies  

Voting percentages in a company

SECTION 768-560  

768-560   Total voting percentage in a company  

An entity's total voting percentage at a particular time in a company is the sum of:

(a) the entity's *direct voting percentage in the company at that time; and

(b) the entity's *indirect voting percentage in the company at that time.