INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)
View history note
Hide history noteIf:
(a) because of section 639 of this Act or section 26-55 of the Income Tax Assessment Act 1997 , only a proportion (the eligible proportion ) of a deduction or of the total deductions for expenditure of the taxpayer on one or more items of drought mitigation property is allowable; and
(b) it is necessary for the purpose of any other provision (e.g. section 646 or 647 ) to know:
(i) how much of the deduction for a particular item was allowable; or
(ii) which expenditure on a particular item was taken into account in working out the deduction allowable for that item;
then:
(c) only the eligible proportion of the deduction for the particular item is taken to have been allowable; and
(d) only the eligible proportion of each dollar of the expenditure on the particular item was taken into account in working out the deduction.
Note:
For an example of the operation of this provision, see subsection 631(3) .
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