INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)

PART III - LIABILITY TO TAXATION  

Division 3 - Deductions  

Subdivision CA - Deductions for environment protection expenditure  

SECTION 82BK   DEDUCTION OF ALLOWABLE ENVIRONMENT PROTECTION EXPENDITURE  

82BK(1A)   Deduction allowable.  

This section does not allow a deduction for the 1998-99 year of income or a later year of income.

Note:

Subdivision 400-B of the Income Tax Assessment Act 1997 allows deductions for the 1998-99 year of income and later years of income for allowable environment protection expenditure.

82BK(1)   [Deduction allowable]  

Subject to this Subdivision, allowable environment protection expenditure incurred by a taxpayer on or after 19 August 1992 is an allowable deduction for the year of income in which the expenditure is incurred.

82BK(2)   Section 51 limits apply.  

A provision of this Act that expressly prevents or restricts the operation of section 8-1 of the Income Tax Assessment Act 1997 applies in the same way to this section.