Commonwealth Consolidated Acts

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

INCOME TAX ASSESSMENT ACT 1997 - SECT 420.60

Cost of registered emissions units

Australian carbon credit units

  (3)   If an * Australian carbon credit unit was issued to you under the Carbon Credits (Carbon Farming Initiative) Act 2011 , the cost of the unit is its * market value immediately after you began to * hold the unit.

Other registered emissions units

  (4)   The cost of a * registered emissions unit (other than an * Australian carbon credit unit to which subsection   (3) applies) is the total of the expenditure that you:

  (a)   incurred in becoming the * holder of the unit; and

  (b)   can deduct under section   420 - 15.


AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback