Section EW 35 — Income Tax Act 2007: Value relevant for non-financial arrangements rule

EW 35 Value relevant for non-financial arrangements rule When this section applies (1) This section applies when the value of property acquired or disposed of under a financial arrangement, or the consideration for it, is relevant in determining a person’s income or deductions under any provision of this Act that is not a financial arrangements rule. Value (2) The person is treated as having acquired or disposed of the property for a value determined by applying section EW 32(2) . Defined in this Act: consideration , deduction , financial arrangement , financial arrangements rules , income , property , Compare: 2004 No 35 s EW 35