INCOME TAX ASSESSMENT ACT 1997 - SECT 40.1025 Non - arm's length transactions
INCOME TAX ASSESSMENT ACT 1997 - SECT 40.1025
Non - arm's length transactionsIf an entity incurred capital expenditure under an * arrangement and:
(a) there is at least one other party to the arrangement with whom the entity did not deal at * arm's length; and
(b) apart from this section, the amount of the expenditure would be more than the * market value of what it was for;
the amount of expenditure taken into account under this Subdivision is that
market value.