INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)
PART XII
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DROUGHT INVESTMENT ALLOWANCE
Division 3
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Leasing company deduction
Subdivision A
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Entitlement to deduction
SECTION 638
638
AMOUNT OF THE DEDUCTION
The amount of the deduction is, subject to section 639 of this Act and section 26-55 of the Income Tax Assessment Act 1997 (which limit deductions on any one item and for any one year of income), 10% of the expenditure.
View history note
Hide history noteThe amount of the deduction is, subject to section 639 of this Act and section 26-55 of the Income Tax Assessment Act 1997 (which limit deductions on any one item and for any one year of income), 10% of the expenditure.
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