Tax Laws Amendment (2008 Measures No. 4) Act 2008 (97 of 2008)

24

An entity becomes a subsidiary member of a consolidated group

The total cost base and reduced cost base for the head company of the subsidiary's assets

Section 701-10

24A

An entity ceases to be a subsidiary member of a consolidated group

The total cost base and reduced cost base for the head company of membership interests in the subsidiary

Section 701-15

24B

An entity ceases to be a subsidiary member of a consolidated group

The total cost base and reduced cost base for the head company of liabilities owed by the subsidiary

Section 701-20

24C

An entity ceases to be a subsidiary member of a consolidated group and an asset becomes an asset of the entity because the single entity rule ceases to apply

The total cost base and reduced cost base for the entity of a liability owed to the entity

Section 701-45

24D

2 or more entities cease to be subsidiary members of a consolidated group

The total cost base and reduced cost base of the membership interests that one subsidiary member holds in another

Section 701-50

24E

Determining an asset's tax cost setting amount

The total cost base and reduced cost base of the asset

Section 701-55

24F

Eligible tier-1 company ceases to be a subsidiary member of a MEC group or a CGT event happens to a pooled interest in the company

The total cost base and reduced cost base

Section 719-565