s 328-175
In forceChoices made in relation to depreciating assets used in primary production business
Chapter 3Specialist liability rules
Part 3-45Rules for particular industries and occupations
Division 328Small business entities
328-175 Choices made in relation to depreciating assets used in primary production business
(1)
This section applies if:
(a)
you were an STS taxpayer for an income year; and
(b)
you made a choice under subsection 328‑175(3) of old Subdivision 328‑D in relation to a depreciating asset you use to carry on a primary production business and for which you could deduct amounts under Subdivision 40‑F or 40‑G of the Income Tax Assessment Act 1997.
(2)
The choice has effect for the purposes of subsection 328‑175(3) of new Subdivision 328‑D.
Note:
This means you cannot change the choice: see subsection 328‑175(4) of new Subdivision 328‑D.
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