Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-45 - RULES FOR PARTICULAR INDUSTRIES AND OCCUPATIONS  

Division 355 - Research and Development  

Subdivision 355-H - Catch up deductions for balancing adjustment events for assets used for R & D activities  

Operative provisions

SECTION 355-460  

355-460   When this Subdivision applies  


This Subdivision applies to an *R & D entity for an income year (the present year ) if:

(a)    the R & D entity has an amount (a catch up amount ) under section 355-465 , 355-466 , 355-467 or 355-468 for an asset for the present year; and

(b)    the R & D entity has received, or is entitled to receive, a *tax offset under section 355-100 for one or more income years (each an offset year ) in relation to the asset.


 

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