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-B - Core provisions  

Operative provisions

SECTION 40-125  

40-125   Merging depreciating assets  

If a ^* depreciating asset or assets that you ^* hold is or are merged into another depreciating asset, this Division applies as if you had stopped holding the original asset or assets and started holding the merged asset.

Note 1:

For the cost of the merged asset, see section 40-210 .

Note 2:

A balancing adjustment event does not occur just because you merge depreciating assets: see section 40-295 .