INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)
(a) the allocation of a unit of property to a pool for a year of income (in this section called the ``current year of income'' ) is cancelled; and
(b) the property is allocated to the pool for the preceding year of income;
then, in calculating the depreciation (if any) allowable to the taxpayer in respect of the property in accordance with subsection 56(1) for the current year of income or a subsequent year of income, this Act has effect as if paragraph 56(1)(b) had not been enacted.
62AAR(2) [Commercial debt forgiveness]Subsection (1) has effect subject to Division 245 of Schedule 2C .
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