INCOME TAX (TRANSITIONAL PROVISIONS) ACT 1997 - SECT 70.90 Application of sections 70 - 90 and 70 - 95 of the Income Tax Assessment Act 1997 to disposals of trading stock outside the ordinary course of business

Commonwealth Consolidated Acts

[Index] [Table] [Search] [Search this Act] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

INCOME TAX (TRANSITIONAL PROVISIONS) ACT 1997 - SECT 70.90

Application of sections 70 - 90 and 70 - 95 of the Income Tax Assessment Act 1997 to disposals of trading stock outside the ordinary course of business

Sections 70 - 90 (Assessable income on disposal of trading stock outside the ordinary course of business) and 70 - 95 (Purchase price is taken to be market value) of the Income Tax Assessment Act 1997 apply to a disposal of an item of trading stock that takes place on or after 1 July 1997.

AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback