s 40-525
In forceAmounts deducted for water facilities
Chapter 2Liability rules of general application
Part 2-10Capital allowances: rules about deductibility of capital expenditure
Division 40Capital allowances
Subdivision 40-FPrimary production depreciating assets
40-525 Amounts deducted for water facilities
The reference in subsection 40‑555(1) of the new Act to a person having deducted or being able to deduct an amount under Subdivision 40‑F of the new Act for expenditure on a water facility includes a reference to the person having deducted or being able to deduct an amount for it under:
(a)
Subdivision 387‑B of the former Act; or
(b)
former section 75B of the Income Tax Assessment Act 1936.
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