Minerals Resource Rent Tax Repeal and Other Measures Act 2014 (96 of 2014)
Schedule 5 Geothermal energy
Income Tax Assessment Act 1997
17 Subsection 40-730(3)
Repeal the subsection, substitute:
(3) Also, you cannot deduct expenditure under subsection (1) to the extent that it forms part of the *cost of a *depreciating asset.
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).
