Income Tax Assessment Act 1997
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Hide history noteSECTION 20-135 20-135 No amount included if earlier disposal for market value
You do not include an amount in your assessable income because of the disposal if, after the lessor disposed of the * car and before you disposed of it, an entity other than you disposed of the car and:
(a) the * consideration receivable for that disposal was at least the * market value of the car at the time of that disposal; or
(b) because of that disposal, that market value was included, or an amount worked out using that market value was included, in the entity's assessable income under this Act.
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