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-E - Low-value and software development pools  

Operative provisions

SECTION 40-460   Your assessable income includes consideration for pooled software  

40-460(1)  


If expenditure on * in-house software is (or was) in your software development pool, your assessable income includes any amount you *derive as consideration in relation to the software.

40-460(2)  
However, subsection (1) does not apply if subsection 40-340(3) (roll-over relief) applies to the change.


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