Commonwealth Consolidated Acts Commonwealth Consolidated ActsThe asset’s tax cost setting amount is worked out using this table.
| Tax cost setting amount | ||
| Item | If the asset’s tax cost is set by: | The asset’s tax cost setting amount is: |
| 1 |
section 701‑10 (Cost to head company of assets that entity brings into group) | the amount worked out in accordance with Division 705 |
| 2 |
section 701‑15 (Cost to head company of membership interests in entity that leaves group) | the amount worked out in accordance with section 711‑15 or 711‑55 |
| 3 | section 701‑20 (Cost to head company of assets consisting of certain liabilities owed by entity that leaves group) or section 701‑45 (Cost of assets consisting of liabilities owed to entity by members of the group) | the * market value of the asset |
| 4 | section 701‑50 (Cost of certain membership interests of which entity becomes holder on leaving group) | the amount worked out in accordance with section 711‑55 |