Entry and exit history rules
70-10 Entry and exit history rules
Entry history rule
For the purposes of the *fuel tax law, from the time when a particular entity starts to be treated as part of a single entity under section 70‑5, everything that happened (including because of any previous application of this section) before that time, in relation to any fuel in the hands of the particular entity at that time, is taken to have happened as if the fuel had been in the hands of the single entity.
The single entity is taken to have acquired the fuel for the purposes for which the particular entity acquired the fuel.
Exit history rule
For the purposes of the *fuel tax law, from the time when a particular entity ceases to be treated as part of a single entity under section 70‑5, everything that happened (including because of any previous application of this section) before that time, in relation to any fuel in the hands of the particular entity immediately after that time, is taken to have happened as if the fuel had been in the hands of the particular entity.
The particular entity is taken to have acquired the fuel for the purposes for which the single entity acquired the fuel.
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