INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)

PART III - LIABILITY TO TAXATION  

Division 3 - Deductions  

Subdivision A - General  

SECTION 80AB   80AB   ORDER IN WHICH LOSS DEDUCTIONS ARE TO BE TAKEN INTO ACCOUNT  
Where deductions are allowable from the assessable income of a taxpayer of a year of income under any 2 or more of the following subsections:


(a) subsection 79E(3) ;


(b) subsection 79F(6) ;


(c) subsection 80(2) ;


(d) subsection 80AAA(7) ;


(e) subsection 80AA(4) ;

the deductions allowable under the subsections are to be taken into account in the following order:


(f) first, any deduction allowable under subsection 80AAA(7) ;


(g) second, any deduction allowable under subsection 80(2) ;


(h) third, any deduction allowable under subsection 79F(6) ;


(j) fourth, any deduction allowable under subsection 80AA(4) ;


(k) fifth, any deduction allowable under subsection 79E(3) .


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