Section DB 12 — Income Tax Act 2007: Base price adjustment under old financial arrangements rules

DB 12 Base price adjustment under old financial arrangements rules Deduction (1) A person is allowed a deduction for an amount that is a deduction under section EZ 37(6) (Cash basis holder) or EZ 38(3) or (4) (Income and expenditure where financial arrangement redeemed or disposed of). Link with subpart DA (2) This section supplements the general permission and overrides all the general limitations. Defined in this Act: amount , deduction , general limitation , general permission , supplement , Compare: 2004 No 35 s DB 9B