CA23030 - PMA: Qualifying expenditure: Change of use of asset

CAA01/S13

A person may bring an asset that the person acquired for some other purpose into use for the purposes of a qualifying activity. If that happens treat the market value of the asset when it is brought into use for the qualifying activity as qualifying expenditure unless that market value is more than the cost. Where the market value is more than the cost, the qualifying expenditure is the cost less any deductions that have to be made under the anti-avoidance provisions CA28000.