INCOME TAX (TRANSITIONAL PROVISIONS) ACT 1997 (ARCHIVE)
CHAPTER 3
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SPECIALIST LIABILITY RULES
PART 3-45
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RULES FOR PARTICULAR INDUSTRIES AND OCCUPATIONS
Division 373
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Intellectual property
SECTION 373-100 (ARCHIVE)
Item you acquired in a non-arm's length transaction
373-100(1)
This section affects how section 373-100 of the Income Tax Assessment Act 1997 applies to you if the entity from which you acquired the item had owned since before the 1998-99 income year:
(a) the item itself; or
(b) if subsection 373-100(4) of that Act applies - the other item.
373-100(2)
That entity's expenditure on the item or other item (as appropriate) is taken to be the cost of the item or other item to the entity for the purposes of Division 10B of Part III of the Income Tax Assessment Act 1936 .
This section affects how section 373-100 of the Income Tax Assessment Act 1997 applies to you if the entity from which you acquired the item had owned since before the 1998-99 income year:
(a) the item itself; or
(b) if subsection 373-100(4) of that Act applies - the other item.
373-100(2)
That entity's expenditure on the item or other item (as appropriate) is taken to be the cost of the item or other item to the entity for the purposes of Division 10B of Part III of the Income Tax Assessment Act 1936 .
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