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-H - Capital expenditure that is immediately deductible  

Operative provisions

SECTION 40-745   40-745   No deduction for certain expenditure  


Expenditure on these things is not deductible under section 40-735 :


(a) acquiring land or an interest in land or a right, power or privilege to do with land;


(b) a bond or security, however described, for performing * mining site rehabilitation;


(c) * housing and welfare.


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