Non-arm's length and private or domestic arrangements



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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