INCOME TAX ASSESSMENT ACT 1936

SCHEDULE 2D - TAX EXEMPT ENTITIES THAT BECOME TAXABLE  

Division 57 - Tax exempt entities that become taxable  

Subdivision 57-J - Capital allowances and certain other deductions  

SECTION 57-85   WHAT ARE THE MODIFIED DEDUCTION RULES AND CORRESPONDING DEDUCTION PROVISIONS ?  

57-85(1)  
A modified deduction rule is a provision listed in column 3 of an item in the table in subsection (3). Provisions of the Income Tax Assessment Act 1997 are identified in normal text, while provisions of the Income Tax Assessment Act 1936 are in bold .

57-85(2)  
The corresponding deduction provision (if any) for a modified deduction rule listed in column 3 of an item in the table in subsection (3) is the provision of the Income Tax Assessment Act 1936 listed in column 4 of the item.

57-85(3)  


The table is as follows:


Modified deduction rules and corresponding deduction provisions
Column 1 Column 2 Column 3 Column 4
Item Description Modified deduction rule Corresponding deduction provision
1 Borrowing expenses Section 25-25 Former section 67
2 - 4 (Repealed by No 101 of 2006 )
5 Films, Australian Former Division 10BA of Part III
6 (Repealed by No 101 of 2006 )
7 Industrial property (copyright in Australian film) Former Division 10B of Part III
7A - 8 (Repealed by No 101 of 2006 )
9 Gifts Section 25-50 and Division 30 Former section 78
10 - 12 (Repealed by No 101 of 2006 )
13 R & D Division 355
14 Scientific research Section 73A
14A - 17 (Repealed by No 101 of 2006 )
18 Cost of acquiring trees Section 70-120 Former section 124J
19 Capital allowances Division 40


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