Document ID: chunk:federal_register_of_legislation:C2025C00029:section:3:p11
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 3 (pt 11/16)
Character Range: 6757772–6760408

split or merged during the period:
 (a) starting when the *scheme is entered into; and
 (b) ending at the time of the *realisation event mentioned in paragraph 727‑850(1)(c);
in the same way as those sections affect how Subdivision 727‑G would apply to those interests on the assumptions set out in subsection (3) of this section.
 (5) The application of a provision because of this section is additional to, and is not intended to limit, any other application of the provision.

727‑870  Effect of CGT roll‑over
 (1) If:
 (a) the *realisation event mentioned in paragraph 727‑850(1)(c) is a *CGT event; and
 (b) section 727‑850 reduces a loss that would, apart from this Division, be *realised for income tax purposes by the CGT event; and
 (c) there is a roll‑over for the CGT event;
the interest's *reduced cost base at the time of the CGT event is taken to have been reduced by the amount by which section 727‑850 reduces that loss, but is so taken only for the purposes of working out:
 (d) the interest's reduced cost base, from time to time after the roll‑over, for the entity that *acquired the interest because of the CGT event; and
 (e) in the case of a *replacement‑asset roll‑over—the reduced cost base of the replacement CGT asset, from time to time after the roll‑over, for the entity that *disposed of the interest.
Note: Because of the roll‑over, the loss reduction under section 727‑850 will have no tax effect. This subsection ensures that the loss reduction is passed on, through the reduction in reduced cost base, to prevent or reduce a loss arising on a later CGT event.

727‑875  Application to CGT asset that is also trading stock or revenue asset
  If an *equity or loan interest is also an item of *trading stock or a *revenue asset, this Subdivision applies to the interest once in its character as a CGT asset and again in its character as trading stock or a revenue asset.

Subdivision 727‑L—Indirect value shift resulting from a direct value shift

Table of sections
727‑905 How this Subdivision affects the rest of this Division
727‑910 Treatment of value shifted under the direct value shift

727‑905  How this Subdivision affects the rest of this Division
 (1) This Subdivision affects how the rest of this Division applies to a *scheme (the IVS scheme) that is or includes a scheme (the DVS scheme) under which there is a *direct value shift.
 (2) If the *direct value shift:
 (a) has consequences under Division 725 for an entity as an *affected owner of *down interests (or would do so apart from section 725‑90 (about direct value shifts that will be reversed)); and
 (b) also has consequences under