INCOME TAX ASSESSMENT ACT 1997 - SECT 103.5 Giving property as part of a transaction
INCOME TAX ASSESSMENT ACT 1997 - SECT 103.5
Giving property as part of a transactionThere are a number of provisions in this Part and Part 3 - 3 that say that a payment, cost or expenditure can include giving property.
To the extent that such a provision does say that a payment,
cost or expenditure can include giving property, use the * market value of the
property in working out the amount of the payment, cost or expenditure.