Income Tax Assessment Act 1997
View history note
Hide history noteSECTION 727-260 Shift down a wholly-owned chain of entities 727-260(1)
An * indirect value shift does not have consequences under this Division if the * gaining entity is a * wholly-owned subsidiary of the * losing entity throughout the * IVS period.
Exception: impact on market value of primary loan interest
727-260(2)
However, subsection (1) does not apply if the * indirect value shift has produced a * disaggregated attributable decrease, in the *market value of an * affected interest in the * losing entity that is also a * primary loan interest in an entity covered by subsection (3), for the owner of the interest.
727-260(3)
This subsection covers:
(a) the * losing entity; and
(b) an entity that owns * primary equity interests in an entity that this subsection covers because of one or more previous applications of it.
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.
