Income Tax Assessment (1997 Act) Regulations 2021
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 31
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Conservation covenants
SECTION 31-15.01
31-15.01
VALUATION OF LAND
For the purposes of section 31-15 of the Act, this Division sets out: (a) the procedure for seeking a valuation from the Commissioner of the change in the market value of the land mentioned in that section; and (b) the amounts that the Commissioner may charge for making the valuation; and (c) arrangements for payment of those amounts.
For the purposes of section 31-15 of the Act, this Division sets out: (a) the procedure for seeking a valuation from the Commissioner of the change in the market value of the land mentioned in that section; and (b) the amounts that the Commissioner may charge for making the valuation; and (c) arrangements for payment of those amounts.
Note:
Section 31-15 of the Act applies to a person who enters into a conservation covenant over land owned by the person, if the conditions mentioned in subsection 31-5(2) of the Act are met.
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