Commonwealth Consolidated Acts

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

INCOME TAX ASSESSMENT ACT 1997 - SECT 40.765

Non-arm's length transactions

                   If you incurred capital expenditure under an * arrangement and:

                     (a)  there is at least one other party to the arrangement with whom you did not deal at * arm's length; and

                     (b)  apart from this section, the amount of the expenditure would be more than the * market value of what it was for;

the amount of expenditure you take into account under this Subdivision is that market value.

Guide to Subdivision 40-I



AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback