Commonwealth Consolidated Acts

[Index] [Table] [Search] [Search this Act] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

INCOME TAX ASSESSMENT ACT 1997 - SECT 112.48

Gifts acquired by associates

 

Gifts acquired by associates

Item

In this situation:

Element affected:

See section:

1

A gift of property is covered by subsection   118 - 60(1) or (2) and the property is later * acquired by an associate for less than market value

First element of cost base and reduced cost base

118 - 60



AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback