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-H - Capital expenditure that is immediately deductible  

SECTION 40-725   What this Subdivision is about  


You get an immediate deduction for certain capital expenditure on:

  • • exploration or prospecting; and
  • • rehabilitation of mining or quarrying sites; and
  • • paying petroleum resource rent tax; and
  • • environmental protection activities.

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