Income Tax Assessment Act 1936
SCHEDULE 2D
-
TAX EXEMPT ENTITIES THAT BECOME TAXABLE
Division 57
-
Tax exempt entities that become taxable
Subdivision 57-J
-
Capital allowances and certain other deductions
SECTION 57-85
WHAT ARE THE
MODIFIED DEDUCTION RULES
AND
CORRESPONDING DEDUCTION PROVISIONS
?
57-85(1)
A modified deduction rule is a provision listed in column 3 of an item in the table in subsection (3). Provisions of the Income Tax Assessment Act 1997 are identified in normal text, while provisions of the Income Tax Assessment Act 1936 are in bold .
57-85(2)
The corresponding deduction provision (if any) for a modified deduction rule listed in column 3 of an item in the table in subsection (3) is the provision of the Income Tax Assessment Act 1936 listed in column 4 of the item.
57-85(3)
The table is as follows:
View history note
Hide history noteA modified deduction rule is a provision listed in column 3 of an item in the table in subsection (3). Provisions of the Income Tax Assessment Act 1997 are identified in normal text, while provisions of the Income Tax Assessment Act 1936 are in bold .
57-85(2)
The corresponding deduction provision (if any) for a modified deduction rule listed in column 3 of an item in the table in subsection (3) is the provision of the Income Tax Assessment Act 1936 listed in column 4 of the item.
57-85(3)
The table is as follows:
| Modified deduction rules and corresponding deduction provisions | |||
| Column 1 | Column 2 | Column 3 | Column 4 |
| Item | Description | Modified deduction rule | Corresponding deduction provision |
| 1 | Borrowing expenses | Section 25-25 | Former section 67 |
| 2 - 4 | (Repealed by No 101 of 2006 ) | ||
| 5 | Films, Australian | Former Division 10BA of Part III | |
| 6 | (Repealed by No 101 of 2006 ) | ||
| 7 | Industrial property (copyright in Australian film) | Former Division 10B of Part III | |
| 7A - 8 | (Repealed by No 101 of 2006 ) | ||
| 9 | Gifts | Section 25-50 and Division 30 | Former section 78 |
| 10 - 12 | (Repealed by No 101 of 2006 ) | ||
| 13 | R & D | Division 355 | |
| 14 | Scientific research | Section 73A | |
| 14A - 17 | (Repealed by No 101 of 2006 ) | ||
| 18 | Cost of acquiring trees | Section 70-120 | Former section 124J |
| 19 | Capital allowances | Division 40 |
This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.