INCOME TAX ASSESSMENT ACT 1997 - SECT 118.40 Expiry of a lease
INCOME TAX ASSESSMENT ACT 1997 - SECT 118.40
Expiry of a lease A * capital loss a lessee makes from the expiry, surrender,
forfeiture or assignment of a lease (except one granted for 99 years or more)
is disregarded if the lessee did not use the lease solely or mainly for the *
purpose of producing assessable income.