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INCOME TAX ASSESSMENT ACT 1997 - SECT 711.10 Tax cost setting amount worked out under this Division

INCOME TAX ASSESSMENT ACT 1997 - SECT 711.10

Tax cost setting amount worked out under this Division

    If this Division applies, the amount of the following is worked out under the Division:

  (a)   the * tax cost setting amount for the purposes of item   2 in the table in section   701 - 60 for each * membership interest in the leaving entity that * members of the old group held; and

  (b)   if 2 or more entities cease to be * subsidiary members of the group at the same time because of an event happening in relation to one of them--the tax cost setting amount for the purposes of item   4 in the table in that section for each membership interest that the leaving entity holds in any of the other entities.

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