INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)

PART III - LIABILITY TO TAXATION  

Division 10 - Mining and quarrying  

Subdivision C - General provisions  

SECTION 122NB   APPORTIONMENT OF EXPENDITURE DEDUCTIBLE UNDER BOTH SUBDIVISION A AND SUBDIVISION B  

122NB(1)   [Apportionment by Commissioner]  

Where a particular amount of expenditure (in this subsection called the allowable amount ) is covered by both of the following categories:


(a) a particular kind of allowable capital expenditure (within the meaning of Subdivision A);


(b) the corresponding kind of allowable capital expenditure (within the meaning of Subdivision B);

the Commissioner may apportion the allowable amount between those categories in such manner as the Commissioner considers reasonable.

122NB(2)   [Expenditure under s 122B(2) and 122JD(2)]  

Where a particular amount (in this subsection called the allowable amount ) is covered by both of the following categories:


(a) an amount to which a particular paragraph of subsection 122B(2) applies;


(b) an amount to which the corresponding paragraph of subsection 122JD(2) applies;

the Commissioner may apportion the allowable amount between those categories in such manner as the Commissioner considers reasonable.

122NB(3)   [Expenditure under s 122J(1) and 122JF(1)]  

Where a particular amount (in this subsection called the allowable amount ) is covered by both of the following categories:


(a) expenditure of the kind referred to in subsection 122J(1) ;


(b) expenditure of the kind referred to in subsection 122JF(1) ;

the Commissioner may apportion the allowable amount between those categories in such manner as the Commissioner considers reasonable.


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