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
3 Section 40-10 (table item 1.5)
Repeal the item, substitute:
|
1.5 |
Primary production depreciating assets You can deduct amounts for capital expenditure on: · water facilities over 3 income years; or · horticultural plants over a period that relates to the effective life of the plant. |
Subdivision 40-F |
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