Income Tax (Transitional Provisions) Act 1997
CHAPTER 2
-
LIABILITY RULES OF GENERAL APPLICATION
PART 2-25
-
TRADING STOCK
Division 70 (Trading stock) of the Income Tax Assessment Act 1997 applies to assessments for the 1997-98 income year and later income years.
However, the sections of that Division listed in the table apply in accordance with the corresponding sections of this Act.
Division 70
-
Trading stock
SECTION 70-1
Application of Division 70 of the
Income Tax Assessment Act 1997
70-1(1)
Division 70 (Trading stock) of the Income Tax Assessment Act 1997 applies to assessments for the 1997-98 income year and later income years.
70-1(2)
However, the sections of that Division listed in the table apply in accordance with the corresponding sections of this Act.
Application provisions for specific sections | ||
Item | This section of the Income Tax Assessment Act 1997 ... | Applies as described in this provision of this Act ... |
1 | 70-20 | 70-20 |
. | ||
2 | 70-55 | 70-55(1) |
. | ||
3 | 70-70 | 70-70 |
. | ||
4 | 70-90 | 70-90 |
. | ||
5 | 70-95 | 70-90 |
. | ||
6 | 70-100 | 70-100 |
. | ||
7 | 70-105 | 70-105 |
. | ||
8 | 70-115 | 70-115 |
This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.