Income Tax (Transitional Provisions) Act 1997

Table of sections

701‑15 Tax cost and trading stock value not set for assets of chosen transitional entities

701‑20 Working out allocable cost amount on formation for subsidiary members other than chosen transitional entities

701‑25 No operation of value shifting and loss transfer provisions to membership interests in chosen transitional entities

701‑32 No adjustment of amount of liabilities required in working out allocable cost amount

701‑35 Act, transaction or event giving rise to CGT event for pre‑formation roll‑over after 16 May 2002 to be disregarded if cost base etc. would be different

701‑40 When entity leaves transitional group, head company may choose, for purposes of transitional group’s allocable cost amount, to increase terminating values of over‑depreciated assets

701‑45 When entity leaves transitional group, head company may choose, for purposes of transitional group’s allocable cost amount, to use formation time market values, instead of terminating values, for certain pre‑CGT assets

701‑50 Increased allocable cost amount for leaving entity if it takes privatised asset brought into group by chosen transitional entity