s 40-175
In forceWhen is an amount included in the eligible second element
Chapter 2Liability rules of general application
Part 2-10Capital allowances: rules about deductibility of capital expenditure
Division 40Capital allowances
Subdivision 40-BBTemporary full expensing of depreciating assets
40-175 When is an amount included in the eligible second element
The amount worked out under this section (the eligible second element) for a depreciating asset for an income year is the sum of any amounts included in the second element of the asset’s cost at a time that is in both of the following periods:
(a)
the income year;
(b)
the period beginning at the 2020 budget time and ending on 30 June 2023.
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