INCOME TAX ASSESSMENT ACT 1997 - SECT 420.51 Valuation methods

INCOME TAX ASSESSMENT ACT 1997 - SECT 420.51

    The value of a * registered emissions unit you * held at the end of an income year is worked out using one of the following methods:

  (a)   the * FIFO cost method;

  (b)   the * actual cost method;

  (c)   the * market value method.

Sections   420 - 55 and 420 - 57 tell you which method applies.