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Income Tax Assessment Act 1997
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Income Tax Assessment Act 1997
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Turn the raw legal text into a practical explanation grounded in Income Tax Assessment Act 1997.
The amount to be included in your assessable income because of the disposal is reduced by any amount that another provision of this Act (except sections 40‑285 and 40‑370) requires you to include in your assessable income because of the disposal.
Note: sections 40‑285 and 40‑370 are about including an amount after making a balancing adjustment on the disposal of a car.