Income Tax Assessment Act 1997
SECTION 620-5 What this Subdivision is about
There are tax-neutral consequences of a body, that is incorporated under one law and ceases to exist, disposing of an asset to a company incorporated under another law, if the ownership of the company is not significantly different from the ownership of the body.
Application and object of this Subdivision | |
620-10 | Application |
620-15 | Object |
CGT consequences | |
620-20 | Disregard body ' s capital gains and losses from CGT assets |
620-25 | Cost base and pre-CGT status of CGT asset for company |
Consequences for depreciating assets | |
620-30 | Roll-over relief for balancing adjustment events |
Consequences for trading stock | |
620-40 | Body taken to have sold trading stock to company |
Consequences for revenue assets | |
620-50 | Body taken to have sold revenue assets to company |
This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.