sec.74GAggregate interest

### sec.74G Aggregate interest A relevant entity has an aggregate interest in a corporation if— the entity has a direct interest and 1 or more indirect interests in the corporation; or the entity has more than 1 indirect interest in the corporation. The value of a relevant entity’s aggregate interest in a corporation is the sum of the following amounts— the value of the direct interest, if any, of the entity in the corporation; the value of each indirect interest of the entity in the corporation. A relevant entity has a direct interest (with a value of 40%) in corporation B. The relevant entity also has a direct interest (with a value of 25%) in corporation A. Corporation A has a direct interest (with a value of 60%) in corporation B. Accordingly, the relevant entity also has an indirect interest in corporation B with a value of 15% (25% x 60%). The value of the relevant entity’s aggregate interest in corporation B is 40% + 15% = 55%. For section 72 , the relevant entity has a controlling interest in corporation B. s 74G ins 2008 No. 16 s 15 (sec.74G-ssec.1) A relevant entity has an aggregate interest in a corporation if— the entity has a direct interest and 1 or more indirect interests in the corporation; or the entity has more than 1 indirect interest in the corporation. (sec.74G-ssec.2) The value of a relevant entity’s aggregate interest in a corporation is the sum of the following amounts— the value of the direct interest, if any, of the entity in the corporation; the value of each indirect interest of the entity in the corporation. A relevant entity has a direct interest (with a value of 40%) in corporation B. The relevant entity also has a direct interest (with a value of 25%) in corporation A. Corporation A has a direct interest (with a value of 60%) in corporation B. Accordingly, the relevant entity also has an indirect interest in corporation B with a value of 15% (25% x 60%). The value of the relevant entity’s aggregate interest in corporation B is 40% + 15% = 55%. For section 72 , the relevant entity has a controlling interest in corporation B. - (a) the entity has a direct interest and 1 or more indirect interests in the corporation; or - (b) the entity has more than 1 indirect interest in the corporation. - (a) the value of the direct interest, if any, of the entity in the corporation; - (b) the value of each indirect interest of the entity in the corporation.