Legislation

ITAA 1997 s of that liability constitutes money paid in respect of the acquisition of the asset for the purposes of the first element of the cost base in subsection 110-25(2)

ATO documents that consider ITAA 1997 s of that liability constitutes money paid in respect of the acquisition of the asset for the purposes of the first element of the cost base in subsection 110-25(2)

1 document

TD 2005/52currentTD · 2005

Income tax: capital gains: can money paid for the purposes of the first element of the cost base in subsection 110-25(2) of the Income Tax Assessment Act 1997 and the reduced cost base under section 110-55 of the Income Tax Assessment Act 1997 include the amount of a liability extinguished under the doctrine of set-off?