Document ID: chunk:federal_register_of_legislation:C2025C00029:section:11:p1
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 11 (pt 1/20)
Character Range: 6630759–6633527

11                                                                               *down interests owned by entities that are not *affected owners                             *up interests owned by you that are your *trading stock or *revenue assets                                (there are no decreases or uplifts)

Reducing uplift to prevent double increase in adjustable value
 (3A) However, if, apart from paragraph (3)(b), an amount is included, as a result of the *scheme under which the *direct value shift happens, in the *adjustable value of an *up interest that is your *trading stock or *revenue asset, the uplift in the adjustable value of the interest under that paragraph is reduced by that amount.

Taxing events generating a gain
 (4) To the extent that the *direct value shift is from *down interests:
 (a) of which you are an *affected owner; and
 (b) that are specified in item 2, 4 or 7 in the table in subsection (3);
to *up interests specified in that item, those up interests give rise to a taxing event generating a gain for you under that item on each of those down interests. The gain is worked out under section 725‑365.

725‑340  Multiple trading stock or revenue asset consequences for the same down interest or up interest
 (1) A *down interest or *up interest of which you are an *affected owner may be covered by 2 or more items in the table in subsection 725‑335(3).
 (2) If the *adjustable value of the same *down interest or *up interest is decreased or uplifted under 2 or more items, it is decreased or uplifted by the total of the amounts worked out under those items.
Note: If subsection 725‑335(3A) is relevant, it will affect all the uplifts worked out under all those items.
 (3) If for a particular *down interest there is a *taxing event generating a gain under an item, that taxing event is in addition to:
 (a) each taxing event generating a gain for that interest under any other item in the table; and
 (b) each decrease in the *adjustable value of the interest under that or any other item in the table.

Subdivision 725‑F—Value adjustments and taxed gains

Table of sections
725‑365 Decreases in adjustable values of down interests (with pre‑shift gains), and taxing events generating a gain
725‑370 Uplifts in adjustable values of up interests under certain table items
725‑375 Uplifts in adjustable values of up interests under other table items
725‑380 Decreases in adjustable value of down interests (with pre‑shift losses)

725‑365  Decreases in adjustable values of down interests (with pre‑shift gains), and taxing events generating a gain
  Use the following method statement:
 (a) to work out the amount of the gain for a *taxing event generating a gain under:
 (i) section 725‑245; or
 (ii) item 2, 4 or 7 of