INCOME TAX ASSESSMENT ACT 1997 - SECT 320.335 Parts of assets treated as separate assets

INCOME TAX ASSESSMENT ACT 1997 - SECT 320.335

    If:

  (a)   an asset is transferred to the recipient company from the originating company; and

  (b)   parts of that asset were, under section   320 - 170 or 320 - 225 of the Income Tax (Transitional Provisions) Act 1997 , treated as separate assets of the originating company just before the transfer took place;

those parts of that asset are also treated as separate assets of the recipient company.