INCOME TAX ASSESSMENT ACT 1997 - SECT 132.1 Lessee incurs expenditure to get lease term varied or waived

INCOME TAX ASSESSMENT ACT 1997 - SECT 132.1

    If the lessee of property incurs expenditure in obtaining the consent of the lessor to vary or waive a term of the lease, the fourth element of the lease's * cost base and * reduced cost base includes the amount of that expenditure.

    The expenditure can include giving property: see section   103 - 5.