Commonwealth Consolidated Acts

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INCOME TAX ASSESSMENT ACT 1997 - SECT 285.5

Transfers of property

  (1)   Any of the following payments covered by this Part   can be or include a transfer of property:

  (a)   a contribution;

  (b)   a * superannuation lump sum.

  (2)   The amount of the payment is or includes the * market value of the property.

  (3)   The * market value is reduced by the value of any consideration given for the transfer of the property.

Table of Subdivisions

  Guide to Division   290

290 - A   General rules

290 - B   Deduction of employer contributions and other employment - connected contributions

290 - C   Deducting personal contributions

290 - D   Tax offsets for spouse contributions


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