INCOME TAX ASSESSMENT ACT 1997
CHAPTER 2 - LIABILITY RULES OF GENERAL APPLICATION PART 2-10 - CAPITAL ALLOWANCES: RULES ABOUT DEDUCTIBILITY OF CAPITAL EXPENDITURE Division 40 - Capital allowances
Subdivision 40-D - Balancing adjustments
SECTION 40-280 What this Subdivision is about
You may have to make an adjustment to your taxable income if you stop holding a depreciating asset.
The adjustment is generally based on the difference between the actual value of the asset when you stop holding it and its adjustable value.