INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)
(a) an entity has incurred expenditure of a capital nature wholly or partly in respect of the establishment of a horticultural plant in Australia for use in a business of horticulture; and
(b) the expenditure was incurred on or after 10 May 1995;
so much of the amount of the expenditure as is attributable to the establishment of the plant is taken to be an amount of establishment expenditure for the plant.
Entity is defined by section 124ZZR .124ZZJ(2) Exclusion of drainage and land-clearance costs.
(a) draining swamp or low-lying land; or
(b) clearing land. 124ZZJ(3) Exclusion of otherwise deductible costs.
Expenditure is taken not to be establishment expenditure in respect of the establishment of a horticultural plant to the extent to which a deduction is allowable in respect of that expenditure under a provision of this Act other than section 124ZZF or 124ZZG .124ZZJ(4) Exclusion of depreciable costs.
Expenditure is taken not to be establishment expenditure in respect of the establishment of a horticultural plant to the extent to which the expenditure is taken into account in calculating an amount of depreciation that is allowable as a deduction.124ZZJ(5) Exclusion of qualifying expenditure with the meaning of Division 10D .
(a) is qualifying expenditure within the meaning of Division 10D of this Act; or
(b) is part of a pool of construction expenditure within the meaning of Division 43 of the Income Tax Assessment Act 1997 .
Those Divisions deal with buildings, structural improvements and other capital works.
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