New Business Tax System (Capital Allowances - Transitional and Consequential) Act 2001 (77 of 2001)
Schedule 2 General consequential amendments
Income Tax Assessment Act 1997
417 Subsection 995-1(1)
Insert:
notional adjustable value of a *depreciating asset means its *adjustable value reduced by the amounts assumed under subsection 320-255(6) to have been deducted for its decline in value.
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