Income Tax Assessment Act 1997
CHAPTER 2
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LIABILITY RULES OF GENERAL APPLICATION
PART 2-5
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RULES ABOUT DEDUCTIBILITY OF PARTICULAR KINDS OF AMOUNTS
Division 30
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Gifts or contributions
If you make a gift or contribution that is covered by a provision of this Division that refers to the value of property as determined by the Commissioner, you must seek the valuation from the Commissioner.
The Commissioner may charge you the amount worked out in accordance with the regulations for making the valuation.
Subdivision 30-C
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Rules applying to particular gifts of property
Valuation requirements
SECTION 30-212
Valuations by the Commissioner
30-212(1)
If you make a gift or contribution that is covered by a provision of this Division that refers to the value of property as determined by the Commissioner, you must seek the valuation from the Commissioner.
30-212(2)
The Commissioner may charge you the amount worked out in accordance with the regulations for making the valuation.
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