40-1025
CurrentNon‑arm’s length transactions
Chapter 2Liability rules of general application
Part 2-10Capital allowances: rules about deductibility of capital expenditure
Division 40Capital allowances
Subdivision 40-JCapital expenditure for the establishment of trees in carbon sink forests
40-1025 Non‑arm’s length transactions
If an entity incurred capital expenditure under an *arrangement and:
(a)
there is at least one other party to the arrangement with whom the entity did not deal at *arm’s length; and
(b)
apart from this section, the amount of the expenditure would be more than the *market value of what it was for;
the amount of expenditure taken into account under this Subdivision is that market value.
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