Head Co Ltd is head company of a consolidated group. Head Co acquires Sub Pty Ltd at a time when Sub is a partner in a partnership with X Co Ltd. Subsequently Head Co acquires X Co. How does tax cost setting operate for each acquisition? What differences would arise if Head Co did not acquire X Co but subsequently sold its interest in the partnership to X Co or if, instead of a partnership, Sub and X Co were involved in an unincorporated joint venture? Tip: Only applicable to Australian tax law