Section 132Income Tax Assessment Act 1997 (Cth)

‑1  Lessee incurs expenditure to get lease term varied or waived

If the lessee of property incurs expenditure in obtaining the consent of the lessor to vary or waive a term of the lease, the fourth element of the lease’s *cost base and *reduced cost base includes the amount of that expenditure.

The expenditure can include giving property: see section 103‑5.

Sourced from the Federal Register of Legislation at 25 May 2026. For the latest information on Australian Government law please go to https://www.legislation.gov.au. Verify the current text against the official source before relying on it.

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