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-F - Primary production depreciating assets  

Operative provisions

SECTION 40-560  

40-560   Non-arm's length transactions  


If you incurred capital expenditure under an * arrangement and:


(a) there is at least one other party to the arrangement with whom you 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 you take into account under this Subdivision is that market value.


View surrounding sectionsView surrounding sectionsBack to top


This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.