Taxation Laws Amendment Act (No. 3) 1998 (47 of 1998)
Schedule 5 Technical amendments
Income Tax Assessment Act 1997
3 Section 42-205 (after item 10C of the table)
Insert:
|
10D |
of which you are the *quasi-owner because of section 42-312 and for which a *balancing adjustment event occurs because of subsection 42-330(2) |
the market value of the *plant immediately before the *balancing adjustment event, worked out as if the plant had been removed from the land |