Document ID: chunk:federal_register_of_legislation:C2004A00684:clause:1_3:p5
Version: federal_register_of_legislation:C2004A00684
Segment Type: clause
Provision Reference: sch 1 cl 3 (pt 5/5)
Character Range: 11636–12530

before that time in the course of stopping carrying on the activity—as at the time you disposed of it.

 (4) However, these assets are not counted for this test:
 (a) a *dwelling, and any adjacent land used in association with the dwelling, that is used mainly for private purposes;
 (b) fixtures owned by you as a tenant.

35‑45  Other assets test

 (1) The rule in section 35‑10 does not apply to a *business activity for an income year if the total values of assets that are counted for this test (see subsections (2) and (4)) and that are used on a continuing basis in carrying on the activity in that year is at least $100,000.

 (2) The assets counted for this test, and their values for this test, are set out in this table:

Assets counted for this test and their values
Item                                           Asset                                                         Value