Commonwealth Consolidated Acts

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A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 75.25

Adjustments relating to bad debts

             (1)  If:

                     (a)  you have an * adjustment under Division 21 relating to a supply that you made that is a * taxable supply of * real property under the * margin scheme; and

                     (b)  the amount of the adjustment would (apart from this section) exceed 1 / 11 of the * margin for the supply;

the amount of the adjustment is 1 / 11 of the margin for the supply.

             (2)  This section has effect despite sections 21-5 and 21-10 (which are about adjustments for writing off and recovering suppliers' bad debts).



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