INCOME TAX (TRANSITIONAL PROVISIONS) ACT 1997 (ARCHIVE)

CHAPTER 2 - LIABILITY RULES OF GENERAL APPLICATION  

PART 2-10 - CAPITAL ALLOWANCES: RULES ABOUT DEDUCTIBILITY OF CAPITAL EXPENDITURE  

Division 42 - Depreciation  

SECTION 42-45 (ARCHIVE)  

42-45   Exclusions  
The reference in subsection 42-45(1) of the 1997 Act to an amount that has been or can be deducted for plant under Subdivision 387-A or 387-B of that Act includes a reference to an amount that:

(a) has been or can be deducted for the plant under section 75B or 75D of the 1936 Act; or

(b) would have been so deducted or deductible apart from subsection 75B(4) or 75D(4) of the 1936 Act.

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