Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 328.420

There are tax - neutral consequences for a small business entity that restructures the ownership of the assets of the business, without changing the ultimate economic ownership of the assets.

Table of sections

Object of this Subdivision

328 - 425   Object of this Subdivision

Requirements for a roll - over under this Subdivision

328 - 430   When a roll - over is available

328 - 435   Genuine restructures--safe harbour rule

328 - 440   Ultimate economic ownership--discretionary trusts

328 - 445   Residency requirement

Consequences of a roll - over under this Subdivision

328 - 450   Small business transfers not to affect income tax positions

328 - 455   Effect of small business restructures on transferred cost of assets

328 - 460   Effect of small business restructures on acquisition times of pre - CGT assets

328 - 465   New membership interests as consideration for transfer of assets

328 - 470   Membership interests affected by transfers of assets

328 - 475   Small business restructures involving assets already subject to small business roll - over