Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-1 - CAPITAL GAINS AND LOSSES: GENERAL TOPICS  

Division 112 - Modifications to cost base and reduced cost base  

Subdivision 112-B - Finding tables for special rules  

SECTION 112-80   Leases  


Leases
Item In this situation: Element affected: See section:
1 A lessee incurs expenditure in obtaining the lessor's agreement to vary or waive a term of the lease Fourth element of cost base and reduced cost base 132-1
.
2 A lessor pays an amount to the lessee for improvements made by the lessee to the property Fourth element of cost base and reduced cost base 132-5
.
3 A lessor of a long-term lease incurs expenditure in obtaining the lessee's agreement to vary or waive a term of the lease or to forfeit or surrender the lease Fourth element of cost base and reduced cost base 132-10
.
4 A lessee of land acquires the reversionary interest of the lessor First element of cost base and reduced cost base 132-15


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