s 40-105
In forceCalculations of effective life
Chapter 2Liability rules of general application
Part 2-10Capital allowances: rules about deductibility of capital expenditure
Division 40Capital allowances
Subdivision 40-BCore provisions
40-105 Calculations of effective life
(1)
This section applies to the following (the instrument):
(a)
a determination under section 40‑100 of the Income Tax Assessment Act 1997 of the effective life of an asset;
(b)
a calculation under section 40‑105 of that Act of the effective life of an asset;
if the instrument was in force immediately before the commencement of Schedule 1 to the Tax Laws Amendment (Research and Development) Act 2011.
(2)
The instrument has effect, after that commencement, as if it had been made under that section as amended by the Tax Laws Amendment (Research and Development) Act 2011.
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