INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)

PART III - LIABILITY TO TAXATION  

Division 3 - Deductions  

Subdivision CA - Deductions for environment protection expenditure  

SECTION 82BR   PROPERTY USED FOR ELIGIBLE ENVIRONMENT PROTECTION ACTIVITIES TAKEN TO BE USED FOR THE PURPOSE OF PRODUCING ASSESSABLE INCOME  

82BR(1)   [Use of property on or after 19 August 1992 but before 1998/99 year]  

For the purposes of this Act, if property is used by a taxpayer on or after 19 August 1992 and before the taxpayer's 1998-99 year of income for eligible environment protection activities, that use of the property by the taxpayer is taken to be for the purpose of producing assessable income of the taxpayer.

Note:

Subdivision 400-C of the Income Tax Assessment Act 1997 treats property used for eligible environment protection activities in the 1998-99 year of income or a later year of income as if it were used for the purpose of producing assessable income.

82BR(2)   [Proviso]  

Subsection (1) has effect subject to a provision of this Act that expressly provides that a particular use of property is not taken to be for the purpose of producing assessable income.