INCOME TAX ASSESSMENT ACT 1997 - SECT 328.470 Membership interests affected by transfers of assets
INCOME TAX ASSESSMENT ACT 1997 - SECT 328.470
Membership interests affected by transfers of assets(a) section 328 - 455 applies in relation to the transfer of an asset under a transaction; and
(b) an entity holds, either directly or indirectly:
(i) a * membership interest in the transferor or a transferee; or
(ii) a membership interest that was issued as provided for by the transaction;
disregard a * capital loss from a * CGT event that arises in relation to the
membership interest after the transaction takes effect, except to the extent
that the entity can demonstrate that the loss is attributable to a matter
other than the transaction.