INCOME TAX (TRANSITIONAL PROVISIONS) ACT 1997

CHAPTER 2 - LIABILITY RULES OF GENERAL APPLICATION  

PART 2-25 - TRADING STOCK  

Division 70 - Trading stock  

SECTION 70-20   70-20   Application of section 70-20 of the Income Tax Assessment Act 1997 to trading stock bought on or after 1 July 1997  


Section 70-20 (Non-arm's length transactions) of the Income Tax Assessment Act applies to purchases that take place on or after 1 July 1997.



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