Taxation Laws Amendment Act (No. 3) 1992 (98 of 1992)

Part 2   AMENDMENT OF THE INCOME TAX ASSESSMENT ACT 1936

Division 8   Amendments relating to deductions for capital expenditure on traveller accommodation

44   Qualifying expenditure

Section 124ZG of the Principal Act is amended by inserting after subsection (2B) the following subsection:

"(2C) If there is an amount of post-26 February 1992 qualifying hotel expenditure, or post-26 February 1992 qualifying apartment expenditure, in respect of a building (within the meaning of Division 10C), no part of the amount of qualifying hotel expenditure, or qualifying apartment expenditure, as the case may be, is taken to be qualifying expenditure in respect of a building.".