New Business Tax System (Capital Allowances - Transitional and Consequential) Act 2001 (77 of 2001)
Schedule 2 General consequential amendments
Income Tax Assessment Act 1997
222 Subsection 35-45(2) (table item 1)
Repeal the item, substitute:
|
1 |
An asset whose decline in value you can deduct under Division 40 |
The asset's *written down value |