• Non-arm's length and private or domestic arrangements

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    This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

    End of attention

    The termination value of a depreciating asset is its market value just before you stopped holding it if:

    • the termination value would otherwise be less than market value and you do not deal at arm's length with another party to the transaction, or
    • you stop holding the asset under a private or domestic arrangement (for instance, you give the asset to a family member).
    Last modified: 01 Oct 2006QC 27597