Income Tax Assessment Act 1997

CHAPTER 2 - LIABILITY RULES OF GENERAL APPLICATION  

PART 2-10 - CAPITAL ALLOWANCES: RULES ABOUT DEDUCTIBILITY OF CAPITAL EXPENDITURE  

Division 40 - Capital allowances  

Subdivision 40-D - Balancing adjustments  

Operative provisions

SECTION 40-345   What the roll-over relief is  

40-345(1)    
Section 40-285 does not apply to the ^* balancing adjustment event for the transferor.

40-345(2)    
The transferee can deduct the decline in value of the ^* depreciating asset using the same method and ^* effective life (or ^* remaining effective life if that method is the ^* prime cost method) that the transferor was using.