INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)

PART IIIA - CAPITAL GAINS AND CAPITAL LOSSES  

Division 19A - Transfers of assets between companies under common ownership  

Subdivision A - Outline and interpretation  

SECTION 160ZZRC  

160ZZRC   UNDERLYING INTEREST  
For the purposes of this Division, an asset held by a taxpayer is taken to be an underlying interest in particular property if, because of the holding of that asset, the taxpayer holds an interest (whether directly or through one or more interposed companies or trusts) in the property.