Income Tax Assessment Act 1936

PART X - ATTRIBUTION OF INCOME IN RESPECT OF CONTROLLED FOREIGN COMPANIES  

Division 7 - Calculation of attributable income of CFC  

Subdivision C - Modifications relating to Australian capital gains tax  

SECTION 405   INTERPRETATION  

405(1)   [Definition]  

In this Subdivision:

"30 June 1990 non-taxable Australian asset"
(Omitted by No 170 of 1995)

commencing day
has the meaning given by section 406 .

commencing day asset
has the meaning given by section 406 .

commencing day non-taxable Australian asset
(Omitted by No 46 of 1998)

405(3)   [Calculating payment]  

Some provisions of this Subdivision say that a payment can include giving property. To the extent that one does, use the market value of the property in working out the amount of the payment.