INCOME TAX (TRANSITIONAL PROVISIONS) ACT 1997 (ARCHIVE)

CHAPTER 2 - LIABILITY RULES OF GENERAL APPLICATION  

PART 2-1 - ASSESSABLE INCOME  

Division 20 - Items included to reverse the effect of past deductions  

Subdivision 20-A - Insurance, indemnity or recoupment for deductible expenses  

SECTION 20-1 (ARCHIVE)   Application of Subdivision 20-A of the Income Tax Assessment Act 1997  

20-1(2)    
That Subdivision also applies to an amount by which you are taken because of paragraph 70A(5) (b) of the Income Tax Assessment Act 1936 to be recouped in the 1997-98 income year.

Note:

Paragraph 70A(5) (b) of the Income Tax Assessment Act 1936 carries forward to the next income year a recoupment of mains electricity connection expenditure that is not assessable in the current year.



 

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