INCOME TAX ASSESSMENT ACT 1997 - SECT 705.300 What this Subdivision is about

INCOME TAX ASSESSMENT ACT 1997 - SECT 705.300

Errors in making tax cost setting amount calculations are reversed by means of an immediate capital gain or loss if it would be unreasonable to require the calculations to be re - done.

Table of sections

Operative provisions

705 - 305   Object of this Subdivision

705 - 310   Operation of Part   IVA of the Income Tax Assessment Act 1936

705 - 315   Errors that attract special adjustment action

705 - 320   Tax cost setting amounts taken to be correct