This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.
End of attention
If you are a small business taxpayer and you do not enter the STS, you must apportion your deduction for prepaid business expenditure over the eligible service period or 10 years, whichever is less. However, transitional rules phase in the initial impact of this measure for certain prepaid expenditure incurred in the 2002 and 2003 income years.
Last modified: 18 Jun 2002QC 27429