Document ID: chunk:federal_register_of_legislation:C2025C00029:section:115:p8
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 115 (pt 8/40)
Character Range: 6518747–6521686

and indirect roll‑over replacement for underlying asset
Division 725—Direct value shifting affecting interests in companies and trusts
Guide to Division 725
725‑1 What this Division is about
Subdivision 725‑A—Scope of the direct value shifting rules
725‑45 Main object
725‑50 When a direct value shift has consequences under this Division
725‑55 Controlling entity test
725‑65 Cause of the value shift
725‑70 Consequences for down interest only if there is a material decrease in its market value
725‑80 Who is an affected owner of a down interest?
725‑85 Who is an affected owner of an up interest?
725‑90 Direct value shift that will be reversed
725‑95 Direct value shift resulting from reversal
Subdivision 725‑B—What is a direct value shift
725‑145 When there is a direct value shift
725‑150 Issue of equity or loan interests at a discount
725‑155 Meaning of down interests, decrease time, up interests and increase time
725‑160 What is the nature of a direct value shift?
725‑165 If market value decrease or increase is only partly attributable to the scheme
Subdivision 725‑C—Consequences of a direct value shift
General
725‑205 Consequences depend on character of down interests and up interests
725‑210 Consequences for down interests depend on pre‑shift gains and losses
Special cases
725‑220 Neutral direct value shifts
725‑225 Issue of bonus shares or units
725‑230 Off‑market buy‑backs
Subdivision 725‑D—Consequences for down interest or up interest as CGT asset
725‑240 CGT consequences; meaning of adjustable value
725‑245 Table of taxing events generating a gain for interests as CGT assets
725‑250 Table of consequences for adjustable values of interests as CGT assets
725‑255 Multiple CGT consequences for the same down interest or up interest
Subdivision 725‑E—Consequences for down interest or up interest as trading stock or a revenue asset
725‑310 Consequences for down interest or up interest as trading stock
725‑315 Adjustable value of trading stock
725‑320 Consequences for down interest or up interest as a revenue asset
725‑325 Adjustable value of revenue asset
725‑335 How to work out those consequences
725‑340 Multiple trading stock or revenue asset consequences for the same down interest or up interest
Subdivision 725‑F—Value adjustments and taxed gains
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)
Division 727—Indirect value shifting affecting interests in companies and trusts, and arising from non‑arm's length dealings
Guide to Division 727
727‑1 What this Division is about
727‑5 What is an indirect value shift?
727‑10 How does this Division deal with indirect value shifts?
727‑15 When does