INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)

PART XII - DROUGHT INVESTMENT ALLOWANCE  

Division 1 - Object, key principle and overview  

SECTION 625   OBJECT  

625(1)   [Drought mitigation investments]  

The object of this Part is to provide a tax incentive, in the form of an allowable deduction, to encourage primary producers and lessors of property to primary producers to invest in drought mitigation property.

625(2)   [Reference]  

The tax incentive may be referred to as drought investment allowance.


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