INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)

PART III - LIABILITY TO TAXATION  

Division 3 - Deductions  

Subdivision CA - Deductions for environment protection expenditure  

SECTION 82BN   NO DEDUCTION FOR EXPENDITURE ON LAND, PLANT ETC.  

82BN(1)   No deduction for expenditure on land, buildings etc.  

A deduction is not allowable under section 82BK for:

(a) expenditure in respect of acquiring land; or

(b) expenditure of a capital nature in respect of constructing a building, structure or structural improvement; or

(c) expenditure of a capital nature in respect of constructing an extension, alteration or improvement to a building, structure or structural improvement; or

(d) expenditure in respect of a bond or security, however described, for the performance of eligible environment protection activities.

82BN(2)   No deduction for depreciable plant.  

A deduction is not allowable under section 82BK for expenditure to the extent to which it is taken into account in calculating an amount of depreciation that is allowable as a deduction.