Document ID: chunk:federal_register_of_legislation:C2025C00029:section:3
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 3
Character Range: 662708–663910

3                                             Neither of cases 1 and 2 applies, and you acquired the property:                                                                                                          the lesser of the amount you paid for the property and:
                                              (a) less than one year before making the gift (otherwise than by inheriting it); or                                                                                       (a) if the average of the written valuations you got fairly represents the *GST inclusive market value (as reduced under subsection (4) if that subsection applies) of the property on the day you made the gift—that average; or
                                              (b) for the purpose of giving it away; or                                                                                                                                 (b) if it does not—the *GST inclusive market value (as reduced under subsection (4) if that subsection applies) of the property on the day you made the gift
                                              (c) subject to an *arrangement that the property would be given away