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INCOME TAX ASSESSMENT ACT 1997 - SECT 713.200 What this Subdivision is about

INCOME TAX ASSESSMENT ACT 1997 - SECT 713.200

What this Subdivision is about

This Subdivision modifies tax cost setting rules in Divisions   701, 705 and 711 so that they take account of the special characteristics of partnerships. The modifications apply in these situations:

  (a)   an entity that is a partner in a partnership becomes a subsidiary member of a consolidated group;

  (b)   a partnership becomes, or ceases to be, a subsidiary member of a consolidated group.

Table of sections

Objects

713 - 205   Objects of this Subdivision

Partnership cost setting interests etc.

713 - 210   Partnership cost setting interests

713 - 215   Terminating value for partnership cost setting interest

Setting tax cost of partnership cost setting interests

713 - 220   Set tax cost of partnership cost setting interests if partner joins consolidated group

713 - 225   Tax cost setting amount for partnership cost setting interest

Special rules where partnership joins consolidated group

713 - 235   Partnership joins group--set tax cost of partnership assets

713 - 240   Partnership joins group--tax cost setting amount for partnership asset

Special rules where partnership leaves consolidated group

713 - 250   Partnership leaves group--standard provisions modified

713 - 255   Partnership leaves group--tax cost setting amount for partnership cost setting interests

713 - 260   Partnership leaves group--tax cost setting amount for assets consisting of being owed certain liabilities

713 - 265   Partnership leaves group--adjustments to allocable cost amount of partner who also leaves group

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