Tax and Superannuation Laws Amendment (2014 Measures No. 3) Act 2014 (69 of 2014)
Schedule 1 Capital allowances
Part 1 Amendments
Income Tax Assessment Act 1997
11 Subsection 40-180(2) (at the end of the table)
Add:
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14 |
A *balancing adjustment event happens to a *depreciating asset you *hold because of subsection 40-295(1B) |
What would, apart from subsection 40-285(3), be the asset's *adjustable value on the day the *balancing adjustment event occurs |