Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-95 - VALUE SHIFTING  

Division 725 - Direct value shifting affecting interests in companies and trusts  

Subdivision 725-C - Consequences of a direct value shift  

Special cases

SECTION 725-220   Neutral direct value shifts  

725-220(1)    

The consequences are different if the total decrease in *market value of your ^* down interests is equal to the sum of:

(a) the total increase in market value of your ^* up interests; and

(b) the total ^* discounts given to you on the issue of your up interests.

725-220(2)    

In that case, this Subdivision and Subdivisions 725-D to 725-F apply to you as if the ^* direct value shift:

(a) consisted only of:

(i) the decreases in *market value of your ^* down interests; and

(ii) the issue at a ^* discount of your ^* up interests covered by subsection 725-145(2) ; and

(iii) the increases in market value of your up interests covered by subsection 725-145(3) ; and

(b) were from each of your down interests to each of your up interests.

725-220(3)    
This section has effect despite section 725-160 .