Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-3 - CAPITAL GAINS AND LOSSES: SPECIAL TOPICS  

Division 125 - Demerger relief  

Subdivision 125-B - Consequences for owners of interests  

Operative provisions

SECTION 125-95  

125-95   No other cost base adjustment after demerger  

If you have to make adjustments to the *cost base and *reduced cost base of your *ownership interests under section 125-80 , 125-85 or 125-90 because of a *demerger, no other adjustment can be made under this Act to those cost bases and reduced cost bases because of something that happens under the demerger.

Note:

Those sections deal with any value shift that might occur under the demerger and avoid the need for the general value shifting regime to apply.