Income Tax (Transitional Provisions) Act 1997
View history note
Hide history noteSubstitute the following for subsection 615-55(2) of that Act:
(2) For the purpose of calculating any profit or loss on a future disposal, cessation of ownership, or other realisation of a *share in the interposed company that you acquired in return for those of your shares or units in the original entity that were *revenue assets at the time mentioned in paragraph 615-45(c) , you are taken to have paid:
| * Total worked out under subsection (1)
for those shares or units in the original entity |
|
| Number of those shares in the interposed company |
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