Commonwealth Consolidated Acts Commonwealth Consolidated ActsThis 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