INCOME TAX (TRANSITIONAL PROVISIONS) ACT 1997 (ARCHIVE)
CHAPTER 2
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LIABILITY RULES OF GENERAL APPLICATION
PART 2-10
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CAPITAL ALLOWANCES: RULES ABOUT DEDUCTIBILITY OF CAPITAL EXPENDITURE
Division 42
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Depreciation
SECTION 42-45 (ARCHIVE)
42-45
Exclusions
The reference in subsection 42-45(1) of the 1997 Act to an amount that has been or can be deducted for plant under Subdivision 387-A or 387-B of that Act includes a reference to an amount that:
(a) has been or can be deducted for the plant under section 75B or 75D of the 1936 Act; or
(b) would have been so deducted or deductible apart from subsection 75B(4) or 75D(4) of the 1936 Act.
The reference in subsection 42-45(1) of the 1997 Act to an amount that has been or can be deducted for plant under Subdivision 387-A or 387-B of that Act includes a reference to an amount that:
(a) has been or can be deducted for the plant under section 75B or 75D of the 1936 Act; or
(b) would have been so deducted or deductible apart from subsection 75B(4) or 75D(4) of the 1936 Act.
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