INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)
PART III
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LIABILITY TO TAXATION
Division 3
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Deductions
Subdivision A
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General
SECTION 62AAS
62AAS
NO BALANCING CHARGES/DEDUCTIONS WHILE PROPERTY ALLOCATED TO POOL
If property is allocated to a pool for a year of income, subsections 59(1) and (2) do not apply to the disposal, loss or destruction of the property during the year of income.
If property is allocated to a pool for a year of income, subsections 59(1) and (2) do not apply to the disposal, loss or destruction of the property during the year of income.
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