INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)

PART XII - DROUGHT INVESTMENT ALLOWANCE  

Division 3 - Leasing company deduction  

Subdivision A - Entitlement to deduction  

SECTION 637  

637   TIMING OF DEDUCTION  
The deduction is allowable for the year of income when the item is first used or installed ready for use by the other person.