Income Tax (Transitional Provisions) Act 1997
A depreciating asset of yours that had been allocated to your general STS pool is treated as being allocated to your general small business pool. Assets allocated to long life STS pool 328-185(2)
A depreciating asset of yours that had been allocated to your long life STS pool is treated as being allocated to your long life small business pool. Choice not to allocate assets to long life STS pool 328-185(3)
If you made a choice, under subsection 328-185(5) of old Subdivision 328-D, not to have a depreciating asset allocated to your long life STS pool, the choice has effect for the purposes of subsection 328-185(5) of new Subdivision 328-D .
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