s 701C-35
In forceTrading stock value not set for assets of transitional foreign‑held subsidiaries
Chapter 3Specialist liability rules
Part 3-90Consolidated groups
Division 701CModified application etc. of provisions of Income Tax Assessment Act 1997: transitional foreign‑held membership structures
Subdivision 701C-CModifications of tax cost setting rules
701C-35 Trading stock value not set for assets of transitional foreign‑held subsidiaries
Subsection 701‑35(4) of the Income Tax Assessment Act 1997 (setting value of trading stock at tax‑neutral amount) does not apply to the assets of the transitional foreign‑held joining entity if it is a transitional foreign‑held subsidiary.
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