INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)
The amount of the section 124ZZG deduction is worked out using the following formula:
|Annual write-off rate||×||
Write-off days in year
Days in year
Annual write-off rate is worked out under section 124ZZI .
Write-off days in year means the number of whole days in the year of income, where all of the following conditions are satisfied:
Days in year means the number of days in the year of income.
Establishment expenditure means the amount of establishment expenditure for the plant (worked out under section 124ZZJ ).