Income Tax Assessment Act 1997

CHAPTER 2 - LIABILITY RULES OF GENERAL APPLICATION  

PART 2-1 - ASSESSABLE INCOME  

Division 20 - Amounts included to reverse the effect of past deductions  

Subdivision 20-B - Disposal of a car for which lease payments have been deducted  

Miscellaneous rules

SECTION 20-150  

20-150   Reducing the amount to be included if another provision requires you to include an amount for the disposal  

The amount to be included in your assessable income because of the disposal is reduced by any amount that another provision of this Act (except sections 40-285 and 40-370 ) requires you to include in your assessable income because of the disposal.

Note:

Sections 40-285 and 40-370 are about including an amount after making a balancing adjustment on the disposal of a car.