Income Tax Assessment Act 1997
There are these consequences for the company in a creation case if the partners choose to obtain a roll-over. 122-205(2)
The first element of the created asset's *cost base (in the hands of the company) is the applicable amount from this table.
|Event No.||Applicable amount|
|D1||the total *incidental costs incurred that relate to the trigger event|
|D2||the total expenditure incurred to grant the option|
|D3||the total expenditure incurred to grant the right|
|F1||the total expenditure incurred on the grant, renewal or extension of the lease|
The expenditure can include a transfer of property: see section 103-5 .122-205(3)
The first element of the created asset's *reduced cost base (in the hands of the company) is worked out similarly.
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