Income Tax Assessment Act 1997
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| Leases | |||
| Item | In this situation: | Element affected: | See section: |
| 1 | A lessee incurs expenditure in obtaining the lessor's agreement to vary or waive a term of the lease | Fourth element of cost base and reduced cost base | 132-1 |
| . | |||
| 2 | A lessor pays an amount to the lessee for improvements made by the lessee to the property | Fourth element of cost base and reduced cost base | 132-5 |
| . | |||
| 3 | A lessor of a long-term lease incurs expenditure in obtaining the lessee's agreement to vary or waive a term of the lease or to forfeit or surrender the lease | Fourth element of cost base and reduced cost base | 132-10 |
| . | |||
| 4 | A lessee of land acquires the reversionary interest of the lessor | First element of cost base and reduced cost base | 132-15 |
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