Commonwealth Consolidated Acts

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INCOME TAX ASSESSMENT ACT 1997 - SECT 43.255

Amounts received or receivable

    The amounts you have received or have a right to receive for the destruction of that part of * your area include:

  (a)   an amount received under an insurance policy or otherwise for the destruction of that part; and

  (b)   an amount received for disposing of property that was included in that part of your area, less any demolition expenditure incurred on the property.


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