Taxation Laws Amendment (Research and Development) Act 2001 (170 of 2001)
Schedule 2 Plant etc.
Part 3 Effective life basis for deduction
Division 1 Amendments commencing at 12 pm on 29 January 2001
Income Tax Assessment Act 1997
40 At the end of section 42-365
Add:
(2) However, you cannot allocate *plant to a *pool if you can deduct an amount for the plant under section 73BH of the Income Tax Assessment Act 1936 for a period before, or starting at the same time as, the allocation would have effect.
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