Commonwealth Consolidated Acts Commonwealth Consolidated ActsYour assessable income includes the market value of an item of trading stock if you dispose of it outside the ordinary course of business or it ceases to be trading stock in certain other circumstances.
This Subdivision treats certain other assets in the same way as trading stock.
Table of sections
70 - 80 Why the rules in this Subdivision are necessary
Operative provisions
70 - 85 Application of this Subdivision to certain other assets
70 - 90 Assessable income on disposal of trading stock outside the ordinary course of business
70 - 95 Purchase price is taken to be market value
70 - 100 Notional disposal when you stop holding an item as trading stock
70 - 105 Death of owner
70 - 110 You stop holding an item as trading stock but still own it
70 - 115 Compensation for lost trading stock