INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)
View history note
Hide history noteA deduction is not allowable under section 124BA for expenditure in respect of:
(a) (Omitted by No 35 of 1992)
(b) acquiring land; or
(c) constructing buildings or other structures; or
(d) a bond or security, however described, for the performance of rehabilitation-related activities.
A deduction is not allowable under section 124BA for expenditure of a capital nature in respect of housing and welfare.
124BC(3) [Depreciation]A deduction is not allowable under section 124BA for expenditure to the extent to which it is taken into account in calculating an amount of depreciation that is allowable as a deduction.
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