Document ID: chunk:federal_register_of_legislation:C2025C00029:section:30:p4
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 30 (pt 4/19)
Character Range: 1506714–1509641

application, saving or transitional provision that is not included in this compilation, details are included in the endnotes.

Editorial changes

For more information about any editorial changes made in this compilation, see the endnotes.

Modifications

If the compiled law is modified by another law, the compiled law operates as modified but the modification does not amend the text of the law. Accordingly, this compilation does not show the text of the compiled law as modified. For more information on any modifications, see the Register for the compiled law.

Self‑repealing provisions

If a provision of the compiled law has been repealed in accordance with a provision of the law, details are included in the endnotes.

Contents
Chapter 2—Liability rules of general application
Part 2‑25—Trading stock
Division 70—Trading stock
Guide to Division 70
70‑1 What this Division is about
70‑5 The 3 key features of tax accounting for trading stock
Subdivision 70‑A—What is trading stock
70‑10 Meaning of trading stock
70‑12 Registered emissions units
Subdivision 70‑B—Acquiring trading stock
70‑15 In which income year do you deduct an outgoing for trading stock?
70‑20 Non‑arm's length transactions
70‑25 Cost of trading stock is not a capital outgoing
70‑30 Starting to hold as trading stock an item you already own
Subdivision 70‑C—Accounting for trading stock you hold at the start or end of the income year
General rules
70‑35 You include the value of your trading stock in working out your assessable income and deductions
70‑40 Value of trading stock at start of income year
70‑45 Value of trading stock at end of income year
Special valuation rules
70‑50 Valuation if trading stock obsolete etc.
70‑55 Working out the cost of natural increase of live stock
70‑60 Valuation of horse breeding stock
70‑65 Working out the horse opening value and the horse reduction amount
              Subdivision 70‑D—Assessable income arising from disposals of trading stock and certain other assets
              Guide to Subdivision 70‑D
70‑75 What this Subdivision is about
70‑80 Why the rules in this Subdivision are necessary
Operative provisions
70‑85 Application of this Subdivision to certain other assets
70‑90 Assessable income on disposal of trading stock outside the ordinary course of business
70‑95 Purchase price is taken to be market value
70‑100 Notional disposal when you stop holding an item as trading stock
70‑105 Death of owner
70‑110 You stop holding an item as trading stock but still own it
70‑115 Compensation for lost trading stock
Subdivision 70‑E—Miscellaneous
70‑120 Deducting capital costs of acquiring trees
Part 2‑40—Rules affecting employees and other taxpayers receiving PAYG withholding payments
Division 80—General rules
Guide to Division 80
80‑1 What this Division is about
Operative provisions
80‑5 Holding of an office
80‑10 Application to the termination of employment
80‑15 Transfer of