Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-95 - VALUE SHIFTING  

Division 727 - Indirect value shifting affecting interests in companies and trusts, and arising from non-arm ' s length dealings  

Subdivision 727-F - Consequences of an indirect value shift  

Operative provisions

SECTION 727-455  

727-455   Consequences of the indirect value shift  

The consequences (if any) of an ^* indirect value shift must be worked out using the ^* realisation time method unless the ^* adjustable value method is chosen in accordance with section 727-550 .

Note:

Later provisions of this Subdivision set out the interests to which those consequences apply (see sections 727-460 to 727-525 ), which are in turn determined by who are the affected owners (see section 727-530 ).