New Business Tax System (Capital Allowances - Transitional and Consequential) Act 2001 (77 of 2001)
Schedule 2 General consequential amendments
Income Tax Assessment Act 1997
196 Section 20-5 (table item 1)
Repeal the item, substitute:
|
1 |
A balancing adjustment for a depreciating asset is included in your assessable income. |
40-285(1) and 40-445(2) |
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