Miscellaneous 2003

Tax Tips: Compulsory Acquisitions

Source: Taxation In Australia Journal Article

Published Date: 1 Dec 2003

 
There are a variety of circumstances in which the owner of an asset may be compulsorily deprived of ownership of the asset by virtue of the operation of a statutory provision. Familiar examples are provided where land is compulsorily acquired by a Government authority, but there are circumstances in which other kinds of assets may be effectively compulsorily acquired in some instances otherwise than by a Government authority.

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