Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 103.5

    There are a number of provisions in this Part and Part   3 - 3 that say that a payment, cost or expenditure can include giving property.

    To the extent that such a provision does say that a payment, cost or expenditure can include giving property, use the * market value of the property in working out the amount of the payment, cost or expenditure.