Income Tax Assessment Act 1997
View history note
Hide history noteThe fourth element of the *cost base and *reduced cost base of property that was subject to a lease includes any payment (because of the lease expiring or being surrendered or forfeited) by the lessor to the lessee for expenditure of a capital nature incurred by the lessee in making improvements to the lease property.
The payment or expenditure can include giving property: see section 103-5 .
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