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(1) Subject to this Act, consideration received for an asset of a person at a particular time means

(a) an amount derived by that person for owning that asset, which includes an amount

(i) derived from altering the value of that asset; and

(ii) in the nature of a covenant to repair that asset or otherwise; and

(b) an amount derived by that person or an entitlement for that person to derive an amount in the future in respect of realising that asset.

(2) The consideration received by a person for an asset does not include

(a) an exempt amount;

(b) a final withholding payment; or

(c) an amount to be directly included in calculating the income of that person under Division II of Part II.

(3) Subsection (2)(b) does not apply to trading stock.