Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-95 - VALUE SHIFTING  

Division 725 - Direct value shifting affecting interests in companies and trusts  

Subdivision 725-C - Consequences of a direct value shift  

General

SECTION 725-210   Consequences for down interests depend on pre-shift gains and losses  

725-210(1)    
The consequences for a ^* down interest also depend on whether it has a ^* pre-shift gain or a ^* pre-shift loss.

725-210(2)    

It has a pre-shift gain if, immediately before the ^* decrease time, its *market value was greater than its ^* adjustable value.

725-210(3)    

It has a pre-shift loss if, immediately before the ^* decrease time, its *market value was equal to or less than its ^* adjustable value.