Tax Laws Amendment (2006 Measures No. 1) Act 2006 (32 of 2006)
Schedule 2 Business related costs
Part 1 Capital allowances amendments
Income Tax Assessment Act 1997
19 Section 40-10 (table item 2.3)
After "5 years", insert "where the amounts are not otherwise taken into account and are not denied a deduction".
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).