What about other capital deductions?



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There are other provisions of the Act that allow for a deduction of the capital amounts and these may apply when working out attributable income - for example, Division 10 of Part III. Where the assets were used in a non-attributable income period, the Tax Office must determine the amount of the deduction allowed or the recoupment included in notional assessable income. However, it is not expected that this will often occur. Contact the tax office where you lodge your tax return for further details.

Last modified: 05 Dec 2006QC 18000