INCOME TAX ASSESSMENT ACT 1997 (ARCHIVE)
CHAPTER 2
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LIABILITY RULES OF GENERAL APPLICATION
PART 2-5
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RULES ABOUT DEDUCTIBILITY OF PARTICULAR KINDS OF AMOUNTS
Division 26
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Some amounts you cannot deduct, or cannot deduct in full
SECTION 26-55 (ARCHIVE)
Limit on deductions
26-55(1)
(b) section 78B (Promoters recoupment tax) of the Income Tax Assessment Act 1936 ;
(c) Subdivision B (Development allowance) of Division 3 of Part III of the Income Tax Assessment Act 1936 , so far as it provides for deductions by a * leasing company;
(e) Division 3 of Part XII (Drought investment allowance) of the Income Tax Assessment Act 1936 , so far as it provides for deductions by a * leasing company.
CCH Note:
Below is material repealed as inoperative in s 26-55 by No 101 of 2006.
(b) section 78B (Promoters recoupment tax) of the Income Tax Assessment Act 1936 ;
(c) Subdivision B (Development allowance) of Division 3 of Part III of the Income Tax Assessment Act 1936 , so far as it provides for deductions by a * leasing company;
(e) Division 3 of Part XII (Drought investment allowance) of the Income Tax Assessment Act 1936 , so far as it provides for deductions by a * leasing company.
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