INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)

PART XII - DROUGHT INVESTMENT ALLOWANCE  

Division 3 - Leasing company deduction  

Subdivision C - Transfer of entitlement to deduction  

SECTION 648  

648   TRANSFERRED DEDUCTION TAKEN INTO ACCOUNT IN APPLYING $5,000 LIMIT UNDER SECTION 631  
Section 631 applies as if the lessee's entitlement to the deduction were a deduction of the lessee under Division 2 .