Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-3 - CAPITAL GAINS AND LOSSES: SPECIAL TOPICS  

Division 124 - Replacement-asset roll-overs  

Subdivision 124-K - Depreciating assets  

SECTION 124-660  

124-660   Right granted to associate  
If the *quasi-ownership right or estate in fee simple is instead granted to an *associate or an *associated government entity of yours:

(a) your *reduced cost base of the *depreciating asset is reduced by the *adjustable value of the asset just before the original quasi-ownership right expired or was surrendered or terminated; and

(b) there is no roll-over.