Treasury Laws Amendment (Income Tax Consolidation Integrity) Act 2018 (14 of 2018)
Schedule 1 Consolidation
Part 7 Value shifting
Income Tax Assessment Act 1997
26 Section 701-60 (table item 3)
Repeal the item, substitute:
|
3 |
section 701-20 (Cost to head company of assets consisting of certain liabilities owed by entity that leaves group) |
the *market value of the asset |
|
3A |
section 701-45 (Cost of assets consisting of liabilities owed to entity by members of the group) |
the amount worked out in accordance with section 701-60A |