New Business Tax System (Capital Allowances - Transitional and Consequential) Act 2001 (77 of 2001)
Schedule 3 Taxation Laws Amendment Act (No. 1) 2001
Taxation Laws Amendment Act (No. 1) 2001
3 Subsection 240-90(4)
Omit "for the purpose of calculating the depreciation allowable to that person for the car, would have been reduced because of the operation of section 42-80", substitute "for the purpose of working out its decline in value for that person under Division 40, would have been limited by section 40-230".
Copyright notice
© Australian Taxation Office for the Commonwealth of Australia
You are free to copy, adapt, modify, transmit and distribute material on this website as you wish (but not in any way that suggests the ATO or the Commonwealth endorses you or any of your services or products).