Taxation Laws Amendment Act (No. 1) 2004 (101 of 2004)

Schedule 3   Gifts and covenants

Income Tax Assessment Act 1997

2   Subsection 30-5(4B)

Repeal the subsection, substitute:

(4B) Subdivision 30-DB allows you to spread deductions for certain gifts and covenants over up to 5 income years.

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).