Income Tax Assessment Act 1997
CHAPTER 3
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SPECIALIST LIABILITY RULES
PART 3-1
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CAPITAL GAINS AND LOSSES: GENERAL TOPICS
There are a number of provisions in this Part and Part 3-3 that say that a payment, cost or expenditure can include giving property.
Division 103
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General rules
Operative provisions
SECTION 103-5
103-5
Giving property as part of a transaction
There are a number of provisions in this Part and Part 3-3 that say that a payment, cost or expenditure can include giving property.
To the extent that such a provision does say that a payment, cost or expenditure can include giving property, use the *market value of the property in working out the amount of the payment, cost or expenditure.
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