Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES

PART 3-95 - VALUE SHIFTING

Division 727 - Indirect value shifting affecting interests in companies and trusts, and arising from non-arm ' s length dealings

View history reference

View history note

Guide to Division 727

SECTION 727-1 What this Division is about

View history reference

If there is a net shift of value between 2 related entities because of a non-arm ' s length dealing, this Division:

(a) prevents losses from arising, because of the value shift, on realisation of direct or indirect equity or loan interests in the losing entity; and

(b) within limits, prevents gains from arising, because of the value shift, on realisation of direct or indirect equity or loan interests in the gaining entity.

However, it does so only for interests that are owned by entities involved in the value shift.

View history note

TABLE OF SECTIONS

**TABLE OF SECTIONS**
727-5	What is an indirect value shift?
727-10	How does this Division deal with indirect value shifts?
727-15	When does an indirect value shift have consequences under this Division?
727-25	Effect of this Division on realisations at a loss that occur before the nature or extent of an indirect value shift can be fully determined

Disclaimer and notice of copyright applicable to materials provided by CCH Australia Limited

CCH Australia Limited ("CCH") believes that all information which it has provided in this site is accurate and reliable, but gives no warranty of accuracy or reliability of such information to the reader or any third party. The information provided by CCH is not legal or professional advice. To the extent permitted by law, no responsibility for damages or loss arising in any way out of or in connection with or incidental to any errors or omissions in any information provided is accepted by CCH or by persons involved in the preparation and provision of the information, whether arising from negligence or otherwise, from the use of or results obtained from information supplied by CCH.

The information provided by CCH includes history notes and other value-added features which are subject to CCH copyright. No CCH material may be copied, reproduced, republished, uploaded, posted, transmitted, or distributed in any way, except that you may download one copy for your personal use only, provided you keep intact all copyright and other proprietary notices. In particular, the reproduction of any part of the information for sale or incorporation in any product intended for sale is prohibited without CCH's prior consent.