Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-50 - CLIMATE CHANGE  

Division 420 - Registered emissions units  

Subdivision 420-C - Disposing of registered emissions units etc.  

SECTION 420-25   Assessable income on disposal of registered emissions units  

420-25(1)  
Your assessable income includes an amount that you are entitled to receive because you cease to *hold a *registered emissions unit. Timing

420-25(2)  
The amount is included in your assessable income for the income year in which you cease to *hold the unit. Source

420-25(3)  
An amount included in your assessable income under subsection (1) is taken, for the purposes of the *income tax laws, to have a source in Australia.


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.