INCOME TAX (TRANSITIONAL PROVISIONS) ACT 1997 (ARCHIVE)
Deductions under section 82BB do not prevent deductions under Subdivision 400-A of the Income Tax Assessment Act 1997
400-20(1)
In applying section 400-20 of the Income Tax Assessment Act 1997 to work out whether you can deduct an amount under Subdivision 400-A of that Act for expenditure, disregard any possibility of deducting an amount for the expenditure under section 82BB of the Income Tax Assessment Act 1936 .
Note:
This ensures that you can deduct amounts under Subdivision 400-A of the Income Tax Assessment Act 1997 for the 1998-99 income year and later income years, even if you can deduct amounts under section 82BB of the Income Tax Assessment Act 1936 for one or more income years before the 1998-99 income year.
Saving of deductions under section 82BB of the Income Tax Assessment Act 1936
400-20(2)
Subdivision 400-A of the Income Tax Assessment Act 1997 does not affect a deduction under section 82BB of the Income Tax Assessment Act 1936 for the 1997-98 income year or an earlier income year.
View history note
Hide 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.
