Income Tax Assessment Act 1997
View history note
Hide history noteFor the head company core purposes in relation to the period after the entity becomes a * subsidiary member of the group, everything that happened in relation to it before it became a subsidiary member is taken to have happened in relation to the * head company.
Note 1:
Other provisions of this Part may affect the tax history that is inherited (e.g. asset cost base history is affected by section 701-10 and tax loss history is affected by Division 707 ).
Note 3:
Section 165-212E overrides this rule for the purposes of the business continuity test.
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