Document ID: chunk:federal_register_of_legislation:C2025C00029:section:10:p1
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 10 (pt 1/5)
Character Range: 6614785–6617591

10                                                                          *down interests owned by entities that are not *affected owners  *up interests owned by you                                                                                                                   (there are no decreases or uplifts)

Reducing uplift to prevent double increase in cost base etc.
 (3) However, if, apart from paragraph (2)(b), an amount is included in the *cost base or *reduced cost base of an *up interest as a result of the *scheme under which the *direct value shift happens, the uplift in the *adjustable value of the interest under that paragraph is reduced by that amount.

725‑255  Multiple CGT 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 725‑250(2).
 (2) If the *cost base or *reduced cost base 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 725‑250(3) 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 in the table in section 725‑245, that taxing event is in addition to:
 (a) each taxing event generating a gain for that interest under any other item in that table; and
 (b) each decrease in the *cost base or *reduced cost base of the interest under an item in the table in subsection 725‑250(2).

Subdivision 725‑E—Consequences for down interest or up interest as trading stock or a revenue asset

Table of sections
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

725‑310  Consequences for down interest or up interest as trading stock
 (1) The consequences of the *direct value shift for your *trading stock are of one or more of these 3 kinds:
 (a) the *adjustable values of *down interests of which you are an *affected owner are reduced (see subsection (2));
 (b) the adjustable values of *up interests of which you are an affected owner are uplifted (see subsection (3));
 (c) there are one or more *taxing events generating a gain for down interests of which you are an affected owner (see subsection (5)).

Effect of reduction or uplift of adjustable value
 (2) If the *adjustable value of a *down interest that is your *trading stock is