• Specific Year
    Any

INCOME TAX ASSESSMENT ACT 1997 - SECT 719.450 What this Subdivision is about

INCOME TAX ASSESSMENT ACT 1997 - SECT 719.450

What this Subdivision is about

The head company of a MEC group is taken to meet the conditions in section   165 - 123 (about maintaining the same ownership in an ownership test period to be able to deduct a bad debt) if and only if the top company for the group at the start of the period meets those conditions for the period.

Table of sections

Maintaining the same ownership to be able to deduct bad debt

719 - 455   Special test for deducting a bad debt because a company maintains the same owners

719 - 460   Assumptions about nothing happening to affect direct and indirect ownership of the test company

719 - 465   Assumptions about the test company failing to meet the conditions in section   165 - 123

Download

No downloadable files available