Income Tax Assessment Act 1997
[ CCH Note: Subdiv 328-E heading will be amended by No 92 of 2020, s 3 and Sch 3 item 30, by substituting " small and medium business entities " for " small business entities " , effective 1 January 2021 and applicable in relation to income years starting on or after 1 July 2021.]
Small business entities can choose not to account for their trading stock in some circumstances. This Subdivision modifies the rules in Division 70 about trading stock for small business entities.
[ CCH Note: S 328-280 will be amended by No 92 of 2020, s 3 and Sch 3 items 31 and 32, by substituting " Small and medium business entities " for " Small business entities " and " those entities " for " small business entities " , effective 1 January 2021.]
|328-285||Trading stock for small business entities|
|328-290||(Repealed by No 80 of 2007 )|
|328-295||Value of trading stock on hand|
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