Income Tax Assessment Act 1997
SECTION 40-50 Assets for which you deduct under another Subdivision 40-50(1)
You cannot deduct an amount, or work out a decline in value, for a * depreciating asset under this Subdivision if you or another taxpayer has deducted or can deduct amounts for it under Subdivision 40-F (about primary production depreciating assets), 40-G (about capital expenditure of primary producers and other landholders) or 40-J (about capital expenditure for the establishment of trees in carbon sink forests).
40-50(2)
You cannot deduct an amount, or work out a decline in value, for * in-house software under this Subdivision if you have allocated expenditure on the software to a software development pool under Subdivision 40-E .
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