Tax Law Improvement Act (No. 1) 1998 (46 of 1998)
10 Amendment of Chapter 6 (the Dictionary) of the Income Tax Assessment Act 1997
27 Subsection 995-1(1) (definition of balancing adjustment event)
Repeal the definition, substitute:
balancing adjustment event: for the purposes of a particular *capital allowance, balancing adjustment event has the meaning given by the provision shown in this table:
|
Meaning of balancing adjustment event |
||
|
Item |
For this capital allowance: |
See: |
|
1 |
Depreciation |
subsection 42-30(3) |
|
2 |
Intellectual property |
subsection 373-60(2) |