Private ruling: Consolidation – tax cost setting – entry/joining calculation and allocations
Date of advice: 5 March 2019
Published: June 2019

Ruling: The Commissioner has determined, based on the facts in the present case, that the arrangement under which the entities became subsidiary members of the consolidated group after the 15 February 2018 commenced before the 15 February 2018, such that the amendments repealing subsection 705-70(1A) and inserting subsection 705-70(1B) of Income Tax Assessment Act 1997 as introduced by Treasury Laws Amendment (Income Tax Consolidation Integrity) Act 2018 will not apply .