Income Tax Assessment Act 1997
View history note
Hide history noteSECTION 832-60 832-60 Valuation of trading stock affected by hybrid mismatch rules
If:
(a) an amount of a deduction for an outgoing is disallowed under this Division; and
(b) the outgoing was incurred in connection with acquiring an item of *trading stock; and
(c) the item is on hand at the end of an income year;
the amount disallowed is to be disregarded in working out the *cost, market selling value or replacement value of the item at the end of the income year under section 70-45 .
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