Commonwealth Consolidated Acts

[Index] [Table] [Search] [Search this Act] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

INCOME TAX ASSESSMENT ACT 1997 - SECT 132.1

Lessee incurs expenditure to get lease term varied or waived

    If the lessee of property incurs expenditure in obtaining the consent of the lessor to vary or waive a term of the lease, the fourth element of the lease's * cost base and * reduced cost base includes the amount of that expenditure.

    The expenditure can include giving property: see section   103 - 5.


AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback