Tax Laws Amendment (Wine Producer Rebate and Other Measures) Act 2004 (129 of 2004)
Schedule 3 Capital Allowances for grapevines
Income Tax Assessment Act 1997
18 Subsection 40-565(1)
Repeal the subsection, substitute:
(1) You can deduct the amount worked out under subsection (2) for a *horticultural plant for an income year if its *effective life is 3 years or more and it is destroyed during the income year while you own it and use it for *commercial horticulture.
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