Income Tax Assessment Act 1997
SECTION 727-230 727-230 Services provided by losing entity to gaining entity for at least their direct cost
An * indirect value shift does not have consequences under this Division if: (a) to the extent of at least 95% of their total *market value, the * greater benefits consist entirely of:
(i) a right to have services that are covered by section 727-240 provided directly by the losing entity to the gaining entity; or
or both; and (b) there are * lesser benefits and, as at the * IVS time, the total market value of the lesser benefits is not less than the total of:
(ii) services that are covered by section 727-240 and have been, are being, or are to be, so provided;
(i) the present value of the direct cost to the losing entity of providing the services; and
(ii) the present value of a reasonable allocation of the total direct cost to the losing entity of providing services that include the first-mentioned services (so far as it is not already covered by subparagraph (i)).To work out the costs and present values referred to in paragraph (b) , see section 727-245 .
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