INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)
This section has effect subject to Division 245 of Schedule 2C .
View history note
Hide history noteThe total depreciation allowable to a taxpayer under this Act in relation to a year of income in respect of all the units of property allocated to a pool for the year of income is worked out using the formula:
| 1.5 × Pool percentage × Opening balance |
where:
``Pool percentage'' means the pool percentage for the pool;
``Opening balance'' means the opening balance of the pool for the year of income.
62AAP(2) [Application]This section applies in spite of section 56 .
Disclaimer and notice of copyright applicable to materials provided by CCH Australia Limited
CCH Australia Limited ("CCH") believes that all information which it has provided in this site is accurate and reliable, but gives no warranty of accuracy or reliability of such information to the reader or any third party. The information provided by CCH is not legal or professional advice. To the extent permitted by law, no responsibility for damages or loss arising in any way out of or in connection with or incidental to any errors or omissions in any information provided is accepted by CCH or by persons involved in the preparation and provision of the information, whether arising from negligence or otherwise, from the use of or results obtained from information supplied by CCH.
The information provided by CCH includes history notes and other value-added features which are subject to CCH copyright. No CCH material may be copied, reproduced, republished, uploaded, posted, transmitted, or distributed in any way, except that you may download one copy for your personal use only, provided you keep intact all copyright and other proprietary notices. In particular, the reproduction of any part of the information for sale or incorporation in any product intended for sale is prohibited without CCH's prior consent.
