INCOME TAX ASSESSMENT ACT 1997 - SECT 43.255 Amounts received or receivable

INCOME TAX ASSESSMENT ACT 1997 - SECT 43.255

    The amounts you have received or have a right to receive for the destruction of that part of * your area include:

  (a)   an amount received under an insurance policy or otherwise for the destruction of that part; and

  (b)   an amount received for disposing of property that was included in that part of your area, less any demolition expenditure incurred on the property.