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-C - Cost  

Operative provisions

SECTION 40-200  

40-200   Exclusion from cost  

The ^* cost of a ^* depreciating asset that is not ^* plant does not include any amount that was incurred:

(a) before 1 July 2001; or

(b) under a contract entered into before that day.