Income Tax Assessment Act 1997
SECTION 40-345 What the roll-over relief is 40-345(1)
Section 40-285 does not apply to the * balancing adjustment event for the transferor.
40-345(2)
The transferee can deduct the decline in value of the * depreciating asset using the same method and * effective life (or * remaining effective life if that method is the * prime cost method) that the transferor was using.
This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.