INCOME TAX (TRANSITIONAL PROVISIONS) ACT 1997 (ARCHIVE)
Subdivision 400-A of the Income Tax Assessment Act 1997 applies to assessments for the 1998-99 income year and later income years, in relation to expenditure incurred on or after 12 March 1991.
400-10(2)
To work out the amount (if any) you can deduct under that Subdivision for expenditure you incurred before the 1998-99 income year, use the amount of that expenditure that you were allowed to use to work out your deductions under section 82BB of the Income Tax Assessment Act 1936 for income years before the 1998-99 income year.
Note:
This means that you cannot get a deduction under that Subdivision for expenditure that you recouped before the 1997-98 income year.
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