Section DB 59 — Income Tax Act 2007: Market value substituted

DB 59 Market value substituted Transfer pricing arrangements (1) A person may be denied a deduction under section GC 7 (Excess amount payable by person). Acquisition for below market value (2) A person may be treated as providing an amount— (a) for acquisition of trading stock, under section GC 1 (Disposals of trading stock at below market value): (b) for lease of a property, under section GC 5 (Leases for inadequate rent). Link with subpart DA (3) Subsection (1) overrides, and subsection (2) supplements, the general permission. The general limitations still apply. Defined in this Act: deduction , general limitations , general permission , lease , trading stock Compare: 2004 No 35 ss GD 7 , GD 10