Treasury Laws Amendment (2019 Tax Integrity and Other Measures No. 1) Act 2019 (95 of 2019)
Schedule 3 Limiting deductions for vacant land
Income Tax Assessment Act 1997
1 Section 12-5 (before table item headed "land degradation")
Insert:
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land |
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land degradation, see primary production |
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vacant land, limit on deduction |
26-102 |