Tax Laws Amendment (Research and Development) Act 2011 (93 of 2011)

Schedule 3   Other amendments relating to new R&D incentive

Part 4   Capital works

Income Tax Assessment Act 1997

27   Paragraph 43-70(2)(g)

Repeal the paragraph, substitute:

(g) expenditure on property for which a deduction under section 355-305 or 355-520 is allowable for the property, or would be allowable if the property were for use for conducting *R&D activities; or