Document ID: chunk:federal_register_of_legislation:C2010C00685:clause:6_1
Version: federal_register_of_legislation:C2010C00685
Segment Type: clause
Provision Reference: sch 6 cl 1
Character Range: 107184–107652

1  At the end of subsection 36(1)
Add:

Note: If subsection (1) applies to a disposal in the 1997‑98 year of income of an item that is trading stock, but not trading stock as defined in the Income Tax Assessment Act 1997, you can deduct the item's value as taken into account at the end of the 1996‑97 income year under Subdivision B (Trading stock) of Division 2 of Part III of this Act: see subsection 70‑10(4) of the Income Tax (Transitional Provisions) Act 1997.