Income Tax (Transitional Provisions) Act 1997
View history note
Hide history noteThe rule in subsection 35-10(2) of the Income Tax Assessment Act 1997 does not apply for an income year to a business activity if:
(a) apart from that rule, you could otherwise deduct amounts under Division 41 of that Act for that income year; and
(b) the total of those amounts is more than or equal to the excess worked out under that subsection for the business activity for the income year.
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