Income Tax (Transitional Provisions) Act 1997
CHAPTER 2
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LIABILITY RULES OF GENERAL APPLICATION
PART 2-25
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TRADING STOCK
Division 70
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Trading stock
SECTION 70-20
70-20
Application of section 70-20 of the
Income Tax Assessment Act 1997
to trading stock bought on or after 1 July 1997
Section 70-20 (Non-arm's length transactions) of the Income Tax Assessment Act applies to purchases that take place on or after 1 July 1997.
View history note
Hide history noteSection 70-20 (Non-arm's length transactions) of the Income Tax Assessment Act applies to purchases that take place on or after 1 July 1997.
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