A New Tax System (Indirect Tax and Consequential Amendments) Act (No. 2) 1999 (177 of 1999)
Schedule 5 Income tax deductions for GST-related expenditure
Income Tax Assessment Act 1997
1 Section 12-5 (after table item headed 'grape vines')
Insert:
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GST - acquiring or upgrading plant to meet GST obligations etc. |
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depreciation for cost of plant 42-168 |
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software 42-168, 46-25 |
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upgrading plant 25-80 |