Pt 3-1 inserted by No 46 of 1998.
Div 104 inserted by No 46 of 1998.
Subdiv 104-L (heading) substituted by No 107 of 2003.
Subdiv 104-L inserted by No 117 of 2002.
SECTION 104-535 Where reduction in tax cost setting amounts for reset cost base assets cannot be allocated: CGT event L8
(a) an entity becomes a *subsidiary member of a *consolidated group or a *MEC group; and
(b) the *tax cost setting amount for a reset cost base asset of the entity is reduced under subsection 705-40(1) (including in its application in accordance with Subdivisions 705-B to 705-D); and
(c) some or all (the unallocated amount) of the reduction cannot be allocated as mentioned in subsection 705-40(2).
S 104-535 inserted by No 107 of 2003.