Div 30 inserted by No 121 of 1997.
Joint ownership of property
30-225 Gift of property by joint owners
(a) you own property jointly with one or more other entities; and
(b) you and the other entities make a gift of the property; and
(c) you would have been able to deduct the gift under section 30-15 because of item 4, 5 or 6 of the table in that section if you had made a gift of the property as sole owner of it;
you can deduct so much of the gift as is reasonable, having regard to your interest in the property.
S 30-225 inserted by No 121 of 1997.