Document ID: chunk:federal_register_of_legislation:C2004A00844:clause:1_6:p18
Version: federal_register_of_legislation:C2004A00844
Segment Type: clause
Provision Reference: sch 1 cl 6 (pt 18/18)
Character Range: 159473–160341

anything under this section for an amount of capital expenditure you incur to the extent that:
 (a) it forms part of the *cost of a *depreciating asset that you *hold; or
 (b) you can deduct an amount for it under a provision of this Act outside this section; or
 (c) it forms part of the cost of land.

40‑885  Non‑arm's length transactions

  If you incurred capital expenditure, or received an amount, under an *arrangement and:
 (a) there is at least one other party to the arrangement with whom you did not deal at *arm's length; and
 (b) apart from this section:
 (i) the amount of the expenditure would be more than the *market value of what it was for; or
 (ii) the amount you received would be less than the market value of what it was for;
the amount of expenditure, or the amount received, you take into account under this Subdivision is that market value.