INCOME TAX ASSESSMENT ACT 1997

CHAPTER 2 - LIABILITY RULES OF GENERAL APPLICATION  

PART 2-10 - CAPITAL ALLOWANCES: RULES ABOUT DEDUCTIBILITY OF CAPITAL EXPENDITURE  

Division 43 - Deductions for capital works  

Subdivision 43-E - Special rules about uses  

Operative provisions

SECTION 43-195   43-195   Use for R & D activities must be in connection with a business  


You are taken not to use capital works for * R & D activities unless you do so in connection with a business that you carry on for the * purpose of producing assessable income.
Note:

This section affects Tables 43-90 and 43-140 .


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