Tax and Superannuation Laws Amendment (2013 Measures No. 1) Act 2013 (88 of 2013)
Schedule 3 Rural water use
Income Tax Assessment Act 1997
10 After subsection 110-55(9F)
Insert:
(9G) Expenditure does not form part of the reduced cost base to the extent that section 26-100 prevents it being deducted.
Note: Section 26-100 denies deductions for certain expenditure on water infrastructure improvements.
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