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.


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