Commonwealth Consolidated Acts

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INCOME TAX ASSESSMENT ACT 1997 - SECT 31.1

What this Division is about

You can deduct an amount if you enter into a conservation covenant over land that you own and you satisfy certain conditions.

The amount you can deduct is the difference between the market value of the land just before and after you enter into the covenant.

Table of sections

Operative provisions

31 - 5   Deduction for entering into conservation covenant

31 - 10   Requirements for fund, authority or institution

31 - 15   Valuations by the Commissioner


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