s 70-20
In forceApplication of section 70‑20 of the Income Tax Assessment Act 1997 to trading stock bought on or after 1 July 1997
Chapter 2Liability rules of general application
Part 2-25Trading stock
Division 70Trading stock
70-20 Application of section 70‑20 of the Income Tax Assessment Act 1997 to trading stock bought on or after 1 July 1997
Section 70‑20 (Non‑arm’s length transactions) of the Income Tax Assessment Act 1997 applies to purchases that take place on or after 1 July 1997.
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