Tax Laws Amendment (2004 Measures No. 1) Act 2004 (95 of 2004)

Schedule 5   Net input tax credits and capital gains tax

Income Tax Assessment Act 1997

2   At the end of section 27-10


(4) However, you cannot deduct an amount under subsection (1) or (3) to the extent that, because it becomes a component of a *net input tax credit, a reduction is made under section 103-30 (reduction of cost base etc. by net input tax credits).