Income Tax Assessment (1997 Act) Regulations 2021
CHAPTER 2
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LIABILITY RULES OF GENERAL APPLICATION
PART 2-5
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RULES ABOUT DEDUCTIBILITY OF PARTICULAR KINDS OF AMOUNTS
Division 30
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Gifts or contributions
SECTION 30-212.01
30-212.01
VALUATION OF GIFTS
For the purposes of section 30-212 of the Act, this Division sets out: (a) the procedure for seeking a valuation from the Commissioner of a gift mentioned in that section; and (b) the amounts that the Commissioner may charge for making the valuation; and (c) arrangements for payment of those amounts.
For the purposes of section 30-212 of the Act, this Division sets out: (a) the procedure for seeking a valuation from the Commissioner of a gift mentioned in that section; and (b) the amounts that the Commissioner may charge for making the valuation; and (c) arrangements for payment of those amounts.
Note:
Subsection 30-212(1) of the Act applies to a person who makes a gift that is covered by a provision of Division 30 of the Act that refers to the value of property as determined by the Commissioner.
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