INCOME TAX ASSESSMENT ACT 1997 - SECT 124.660 Right granted to associate
INCOME TAX ASSESSMENT ACT 1997 - SECT 124.660
Right granted to associateIf the * quasi - ownership right or estate in fee simple is instead granted to an * associate or an * associated government entity of yours:
(a) your * reduced cost base of the * depreciating asset is reduced by the * adjustable value of the asset just before the original quasi - ownership right expired or was surrendered or terminated; and
(b) there is no roll - over.