Commonwealth Consolidated Acts Commonwealth Consolidated ActsYou may have to make an adjustment to your taxable income if you stop holding a depreciating asset.
The adjustment is generally based on the difference between the actual value of the asset when you stop holding it and its adjustable value.
Table of sections
Operative provisions
40 - 285 Balancing adjustments
40 - 290 Reduction for non - taxable use
40 - 291 Reduction for second - hand assets used in residential property
40 - 292 Adjustments--assets used for both general tax purposes and R&D activities
40 - 293 Adjustments--partnership assets used for both general tax purposes and R&D activities
40 - 295 Meaning of balancing adjustment event
40 - 300 Meaning of termination value
40 - 305 Amount you are taken to have received under a balancing adjustment event
40 - 310 Apportionment of termination value
40 - 320 Car to which section 40 - 225 applies
40 - 325 Adjustment: car limit
40 - 335 Deduction for in - house software where you will never use it
40 - 340 Roll - over relief
40 - 345 What the roll - over relief is
40 - 350 Additional consequences
40 - 360 Notice to allow transferee to work out how this Division applies
40 - 362 Roll - over relief for holders of vessels covered by certificates under the Shipping Reform (Tax Incentives) Act 2012
40 - 363 Roll - over relief for interest realignment arrangements
40 - 364 Interest realignment adjustments
40 - 365 Involuntary disposals
40 - 370 Balancing adjustments where there has been use of different car expense methods