Income Tax (Transitional Provisions) 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-BB - Temporary full expensing of depreciating assets  

SECTION 40-175   40-175   When is an amount included in the eligible second element  


The amount worked out under this section (the eligible second element ) for a depreciating asset for an income year is the sum of any amounts included in the second element of the asset ' s cost at a time that is in both of the following periods:

(a)  the income year;

(b)  the period beginning at the 2020 budget time and ending on 30 June 2022.




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