INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)

PART III - LIABILITY TO TAXATION  

Division 6AAA - Special provisions relating to non-resident trust estates etc.  

Subdivision D - Accruals system of taxation of certain non-resident trust estates  

SECTION 102AAZ   MODIFIED APPLICATION OF DEPRECIATION PROVISIONS  

102AAZ(3)   [Property deemed held to produce assessable income]  

For the purpose of exercising the Commissioner's power under subsection (2) in relation to deductions allowable under sections 54 to 62 (inclusive) of this Act, or under the former Division 42 (Depreciation) of the Income Tax Assessment Act 1997 (other than Subdivisions 42-L and 42-M), the Commissioner must assume that the property was used by the trustee of the trust estate during any non-attributable year of income wholly and exclusively for the purpose of producing assessable income.

 View history note

 Hide history note