INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)

PART XI - FOREIGN INVESTMENT FUNDS AND FOREIGN LIFE ASSURANCE POLICIES

Division 18 - How to determine whether Foreign Investment Fund income accrued to a taxpayer from a FIF or a FLP

Subdivision D - Calculation method for FIFs

What are notional deductions

SECTION 570 NOTIONAL DEDUCTIONS - AMORTISATION OF EXPENDITURE IN ACQUIRING PROPERTY

CCH Note:

Below is material substituted in s 570 by No tlarip of 2006.

570(1)

(a)

(i) plant or articles within the meaning of section 54 of this Act, plant within the meaning of section 45-40 of the Income Tax Assessment Act 1997 or a depreciating asset within the meaning of Division 40 of that Act; or

(ii) industrial property within the meaning of Division 10B of Part III of this Act or an item of intellectual property as defined by the Income Tax Assessment Act 1997 ; or

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