Income Tax Assessment Act 1997
View history note
Hide history noteSECTION 320-335 320-335 Parts of assets treated as separate assets
If:
(a) an asset is transferred to the recipient company from the originating company; and
(b) parts of that asset were, under section 320-170 or 320-225 of the Income Tax (Transitional Provisions) Act 1997 , treated as separate assets of the originating company just before the transfer took place;
those parts of that asset are also treated as separate assets of the recipient company.
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