Document ID: chunk:federal_register_of_legislation:C2025C00029:section:30:p19
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 30 (pt 19/19)
Character Range: 1547931–1548723

what would have been its cost for the purposes of section 70‑45 (about valuing trading stock at the end of the income year) if it had been your *trading stock ever since you last acquired it. In working that out, disregard section 70‑55 (about acquiring live stock by natural increase).
 (4) However, if you last acquired the item for no consideration, its cost is worked out using this table:

Cost of item acquired for no consideration
Item                                        In this case:                                                                                                                                                                                                                                                                                             The cost is: