Income Tax Assessment Act 1997
SECTION 40-1025 40-1025 Non-arm ' s length transactions
If an entity incurred capital expenditure under an *arrangement and:
(a) there is at least one other party to the arrangement with whom the entity did not deal at *arm ' s length; and
(b) apart from this section, the amount of the expenditure would be more than the *market value of what it was for;
the amount of expenditure taken into account under this Subdivision is that market value.
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