‑1 What this Division is about
If an entity ceases to be a subsidiary member of a consolidated group, the tax cost setting amount for the group’s membership interests in the entity reflects the group’s cost for the entity’s net assets. Table of sections Application and object of this Division 711‑5 Application and object of this Division Tax cost setting amount for membership interests etc. 711‑10 Tax cost setting amount worked out under this Division 711‑15 Tax cost setting amount where no multiple exit 711‑20 What is the old group’s allocable cost amount for the leaving entity? 711‑25 Terminating values of the leaving entity’s assets—step 1 in working out allocable cost amount 711‑30 What is the head company’s terminating value for an asset? 711‑35 If head company becomes entitled to certain deductions—step 2 in working out allocable cost amount 711‑40 Liabilities owed to the leaving entity by members of the old group—step 3 in working out allocable cost amount 711‑45 Liabilities etc. owed by the leaving entity—step 4 in working out allocable cost amount 711‑46 Liability arising from transfer or assignment of securitised assets 711‑55 Tax cost setting amount for membership interests where multiple exit 711‑65 Membership interests treated as having been acquired before 20 September 1985 711‑70 Additional integrity rule if membership interests treated as having been acquired before 20 September 1985 under section 711‑65—application of Division 149 to head company 711‑75 Additional integrity rule if membership interests treated as having been acquired before 20 September 1985 under section 711‑65—application of CGT event K6
Sourced from the Federal Register of Legislation at 25 May 2026. For the latest information on Australian Government law please go to https://www.legislation.gov.au. Verify the current text against the official source before relying on it.
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