INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)

PART III - LIABILITY TO TAXATION  

Division 10F - Deduction for capital expenditure incurred in establishing horticultural plants  

Subdivision I - Interpretation  

SECTION 124ZZR  

124ZZR   DEFINITIONS  
In this Division:

annual write-off rate
has the meaning given by section 124ZZI .

effective life
has the meaning given by section 124ZZK .

entity
means any of the following:

(a) a company;

(b) a partnership;

(c) a person in a capacity of trustee;

(d) any other person.

establishment expenditure
has the meaning given by section 124ZZJ .

maximum write-off period
has the meaning given by section 124ZZI .

owner
has a meaning affected by section 124ZZQ .

plant
means any live member of the plant kingdom, and includes fungi.

producing assessable income
includes gaining assessable income.