INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)

PART III - LIABILITY TO TAXATION

Division 3 - Deductions

Subdivision C - Deductions for expenditure on environmental impact studies

SECTION 82BG PROPERTY USED FOR ELIGIBLE ENVIRONMENTAL IMPACT ACTIVITIES TAKEN TO BE USED FOR THE PURPOSE OF PRODUCING ASSESSABLE INCOME

82BG(1) [Property used on or after 12 March 1991 and before 1998/99 year]

For the purposes of this Act, if property is used by a taxpayer on or after 12 March 1991 and before the taxpayer's 1998-99 year of income for eligible environmental impact activities in relation to an income-producing project of the taxpayer, that use of the property by the taxpayer is taken to be for the purpose of producing assessable income of the taxpayer.

Note:

Subdivision 400-C of the Income Tax Assessment Act 1997 treats property used for eligible environmental impact activities in the 1998-99 year of income or a later year of income as if it were used for the purpose of producing assessable income.

View history note

82BG(2) [Provision re particular use of property]

Subsection (1) has effect subject to a provision of this Act that expressly provides that a particular use of property is not taken to be for the purpose of producing assessable income.

View history note

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.