Income Tax Assessment Act 1997
View history note
Hide history noteSECTION 20-150 20-150 Reducing the amount to be included if another provision requires you to include an amount for the disposal
The amount to be included in your assessable income because of the disposal is reduced by any amount that another provision of this Act (except sections 40-285 and 40-370 ) requires you to include in your assessable income because of the disposal.
Note:
Sections 40-285 and 40-370 are about including an amount after making a balancing adjustment on the disposal of a car.
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