INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)

PART XII - DROUGHT INVESTMENT ALLOWANCE  

Division 5 - Special provisions about primary producers  

Subdivision A - Partnerships  

SECTION 655  

655   NO PRIMARY PRODUCER DEDUCTION FOR PARTNERSHIP THAT LEASES OUT ITEM  
A deduction is not allowable to a partnership under Division 2 for expenditure incurred in acquiring or constructing an item of drought mitigation property that it leases to any person (the lessee ).