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INCOME TAX ASSESSMENT ACT 1997 - SECT 715.100
First choice: adjustable values of leaving assets reduced to nil
The first choice is to reduce the * adjustable value of each
leaving asset to nil. The choice has effect accordingly, just before the
leaving time. The * head company's * final RUNL is not reduced because of
it.
Note: The consequences of the choice are worked out under section
715 - 145.
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