Income Tax Assessment Act 1997
CHAPTER 3
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SPECIALIST LIABILITY RULES
PART 3-45
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RULES FOR PARTICULAR INDUSTRIES AND OCCUPATIONS
Division 328
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Small business entities
Subdivision 328-D
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Capital allowances for small business entities
Operative provisions
SECTION 328-235 Interaction with Divisions 85 and 86 328-235(1)
Despite sections 85-10 and 86-60 , if you are a * small business entity for an income year you can deduct amounts for * depreciating assets under this Subdivision.
328-235(2)
However, you cannot deduct an amount for a * car under this Subdivision if, had you not been a * small business entity and chosen to use this Subdivision, sections 86-60 and 86-70 would have prevented you deducting an amount for it.
View history note
Hide history noteSECTION 328-235 Interaction with Divisions 85 and 86 328-235(1)
Despite sections 85-10 and 86-60 , if you are a * small business entity for an income year you can deduct amounts for * depreciating assets under this Subdivision.
328-235(2)
However, you cannot deduct an amount for a * car under this Subdivision if, had you not been a * small business entity and chosen to use this Subdivision, sections 86-60 and 86-70 would have prevented you deducting an amount for it.
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