INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)
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Hide history noteA reference in this Subdivision to allowable environmental impact expenditure of a taxpayer in connection with an income-producing project of the taxpayer is a reference to expenditure (whether of a capital nature or otherwise) incurred by the taxpayer on or after 12 March 1991 to the extent that the expenditure is in respect of eligible environmental impact activities in relation to the project.
82BC(2) [Allowable deductions under other provisions]Expenditure is taken not to be allowable environmental impact expenditure to the extent to which a deduction is allowable in respect of that expenditure under a provision of this Act other than section 82BB .
82BC(3) [Depreciation allowable as deduction]Expenditure is taken not to be allowable environmental impact expenditure to the extent to which the expenditure is taken into account in calculating the decline in value of a depreciating asset that is allowable as a deduction.
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