Tax Laws Amendment (Stronger, Fairer, Simpler and Other Measures) Act 2012 (23 of 2012)
Schedule 3 Small business entities' deductions for motor vehicles
Income Tax Assessment Act 1997
7 Application of amendments
The amendments made by this Schedule apply in relation to entities and depreciating assets the entities started to hold (as defined in section 40-40 of the Income Tax Assessment Act 1997) in the 2012-13 income year and later income years.
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