INCOME TAX ASSESSMENT ACT 1997

CHAPTER 2 - LIABILITY RULES OF GENERAL APPLICATION  

PART 2-10 - CAPITAL ALLOWANCES: RULES ABOUT DEDUCTIBILITY OF CAPITAL EXPENDITURE  

Division 40 - Capital allowances  

Subdivision 40-J - Capital expenditure for the establishment of trees in carbon sink forests  

Operative provisions

SECTION 40-1020   40-1020   Certain expenditure disregarded  


In working out a deduction under this Subdivision in relation to the establishment of trees, disregard expenditure incurred:


(a) in draining swamp or low-lying land; or


(b) in clearing land.


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