INCOME TAX (TRANSITIONAL PROVISIONS) ACT 1997 [ARCHIVE]
(a) in the 1996-97 income year or an earlier income year you incurred allowable capital expenditure of the kind referred to in subsection 122DG(1) , 122JE(1) or 124ADG(1) of the Income Tax Assessment Act 1936 ( old capital expenditure ); and
(b) at the end of the 1996-97 income year an amount of that expenditure is unrecouped (worked out under subsection 122DG(4) , 122JE(3) or 124ADG(4) of that Act (as appropriate));
that amount is taken to be allowable capital expenditure incurred by you in the 1997-98 income year ( new ACE ).330-5(2) [Years remaining affected]
In working out how much of that new ACE is deductible for the 1997-98 income year or a later income year, the calculation (under paragraph 330-100(2)(a), (3)(a) or (4)(a) of the Income Tax Assessment Act 1997 ) of the years remaining is affected.330-5(3) [Calculation of remaining years]
Take away from the number you get after doing that calculation the number of income years before the 1997-98 income year for which you deducted or, apart from the operation of subsection 122DG(6) , 122JE(5) or 124ADG(6) of the Income Tax Assessment Act 1936 (as appropriate) would have deducted, an amount in respect of that old capital expenditure.