INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)

PART III - LIABILITY TO TAXATION  

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

Subdivision AA - Application  

SECTION 124ZZEA  

124ZZEA   THIS DIVISION DOES NOT APPLY AFTER 1997-98 YEAR OF INCOME  
An amount is not deductible under this Division for a year of income after the 1997-98 year of income.

Note:

Subdivision 387-C of the Income Tax Assessment Act 1997 allows deductions for the 1998-99 year of income and later years of income for capital expenditure relating to the establishment of a horticultural plant (including expenditure incurred before the 1998-99 year of income - see Subdivision 387-C of the Income Tax (Transitional Provisions) Act 1997 ).