New Business Tax System (Capital Allowances - Transitional and Consequential) Act 2001 (77 of 2001)
Schedule 2 General consequential amendments
Income Tax Assessment Act 1997
301 Paragraph 124-660(a)
Repeal the paragraph, substitute:
(a) your *reduced cost base of the *depreciating asset is reduced by the *adjustable value of the asset just before the original quasi-ownership right expired or was surrendered or terminated; and
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