INCOME TAX ASSESSMENT ACT 1997
This Subdivision modifies the rules in this Division for partners of R & D partnerships.
In particular, the rules about deducting R & D expenditure are modified to allow a partner to deduct the partner's proportion of the R & D partnership's expenditure on R & D activities.
A partner of an R & D partnership may also be able to deduct under this Subdivision the decline in value of partnership assets used for R & D activities.
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