Income Tax Assessment Act 1997

CHAPTER 2 - LIABILITY RULES OF GENERAL APPLICATION  

PART 2-5 - RULES ABOUT DEDUCTIBILITY OF PARTICULAR KINDS OF AMOUNTS  

Division 35 - Deferral of losses from non-commercial business activities  

Operative provisions  

SECTION 35-50  

35-50   Apportionment  

If an asset that is being taken into account under section 35-40 or 35-45 is used during an income year partly in carrying on the relevant ^* business activity and partly for other purposes, only that part of its ^* reduced cost base, *market value or other value that is attributable to its use in carrying on the business activity in that year is taken into account for that section.