Tax Law Improvement Act 1997 (121 of 1997)
Schedule 6 Depreciation
Part 2 Consequential amendment of the Income Tax Assessment Act 1997
3 Section 10-5 (table item headed 'depreciation')
Repeal the item, substitute:
|
depreciation |
||
|
excess of termination value over written down value |
||
|
generally |
42-190 |
|
|
for some cars |
42-240 |
|
|
lesser of termination value or cost (pooled plant) |
42-390 |