Pt 2-1 inserted by No 121 of 1997.
Div 15 inserted by No 121 of 1997.
15-25 Amount received for lease obligation to repair
(a) you receive it as a lessor or former lessor of premises; and
(b) the entity pays you the amount for failing to comply with a lease obligation to make repairs to the premises; and
(c) the entity uses or has used the premises for the
purpose of producing assessable income; and
(d) the amount is not assessable as
ordinary income under section
Note:The entity can deduct the amount: see section
The entity can deduct the amount: see section
S 15-25 inserted by No 121 of 1997.