New Business Tax System (Capital Allowances - Transitional and Consequential) Act 2001 (77 of 2001)
Schedule 2 General consequential amendments
Income Tax Assessment Act 1997
167 Section 12-5 (table item headed 'capital allowances')
Repeal the item, substitute:
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capital allowances |
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generally |
Division 40 |
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balancing adjustments |
40-285(2), 40-370 |
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business related costs |
40-880 |
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electricity and telephone lines |
40-645 |
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environmental protection activities |
40-755 |
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exploration or prospecting |
40-80(1), 40-730 |
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in-house software |
40-335, 40-455 |
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intellectual property |
Subdivision 40-B |
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IRUs |
Subdivision 40-B |
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landcare operations |
40-630 |
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low-value and software development pools |
Subdivision 40-E |
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mining and quarrying |
Subdivision 40-H and Subdivision 40-I |
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Petroleum Resource Rent Tax |
40-750 |
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project pools |
40-830 |
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reducing deductions |
40-25, 40-290 |
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spectrum licences |
Subdivision 40-B |
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trading ships, special depreciation |
57AM |
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water facilities, horticultural plants and grapevines |
Subdivision 40-F |
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