Document ID: chunk:federal_register_of_legislation:C2025C00029:section:3:p31
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 3 (pt 31/32)
Character Range: 7269516–7272166

associate entity only because of subsection 820‑905(3A); or
 (b) the associate entity is such an associate entity only because of subsection 820‑905(3B).
 (4) Take into account only one of the following things if both would otherwise be counted in calculating the *TC control interest:
 (a) the holding of a *TC direct control interest by the entity or any other entity;
 (b) an entitlement to acquire that TC direct control interest.
 (5) The operation of this section in relation to an entity does not prevent the operation of section 820‑825 in relation to a group of entities that includes that entity.

820‑825  Special rules about calculating TC control interests held by a group of entities
 (1) This section applies for the purposes of calculating the total *TC control interests that a group of entities holds in a company, trust or partnership.
 (2) Take into account a particular *TC direct control interest or *TC indirect control interest only once if it would otherwise be counted more than once because the entity holding it is an *associate entity of one or more entities in the group.
 (2A) Subsection (2) does not apply to an *associate entity of one or more entities in the group if:
 (a) the associate entity is a *foreign entity and the associate entity is such an associate entity only because of subsection 820‑905(3A); or
 (b) the associate entity is such an associate entity only because of subsection 820‑905(3B).
 (3) Take into account only one of the following things if both of them would otherwise be counted in calculating the total *TC control interests:
 (a) the holding of a *TC direct control interest by an entity;
 (b) an entitlement to acquire that TC direct control interest.
 (4) The operation of this section in relation to a group of entities does not prevent the operation of section 820‑820 in relation to an entity that is a member of that group.

820‑830  Special rules about determining percentage of TC control interest
 (1) This section applies for the purposes of determining whether an entity, or a group of entities, holds at least a particular percentage of *TC control interests for the purposes of a provision in this Subdivision.
 (2) If, apart from this subsection, an entity, or each of 2 or more entities, would hold a *TC direct control interest equal to 100%, or a *TC control tracing interest equal to 100%, in another entity (the controlled entity):
 (a) only the entity, or one of the 2 or more entities, is to be taken to hold that particular interest in the controlled entity equal to 100%; and
 (b) another entity is not to be taken to hold that particular interest in the controlled