A New Tax System (Goods and Services Tax) Act 1999
Note:
The special rules in this Part mainly modify the operation of Part 2-2 , but they may affect other Parts of Chapter 2 in minor ways.
Division 90 - Company amalgamations 90-25 Entitlement after amalgamation to input tax credits for amalgamating company's acquisitions (1)An * amalgamated company is entitled to the input tax credit for a * creditable acquisition if:
(a) apart from the * amalgamation , any of the * amalgamating companies would have been entitled to the input tax credit; and
(b) the input tax credit was not attributable, before the amalgamation, to a tax period applying to the amalgamating company.
(2)
This section has effect despite section 11-20 (which is about who is entitled to input tax credits).
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