Document ID: chunk:federal_register_of_legislation:C2024C00866:section:48a
Version: federal_register_of_legislation:C2024C00866
Segment Type: section
Provision Reference: s 48A
Character Range: 704701–705324

48A  Amount of disposition
  If a person disposes of ordinary income, the amount of the disposition is the amount that, in the Commission's opinion, is:
 (a) if the person receives no consideration for the diminution in the rate of the person's ordinary income—the annual rate of the diminution of the person's ordinary income; or
 (b) if the person receives consideration for the diminution in the rate of the person's ordinary income—the annual rate of the diminution less the part (if any) of the consideration that the Commission determines, in writing, to be fair and reasonable in all the circumstances of the case.