s 8-10
In forceNo double deductions for income year before 1997‑98 and income year after 1996‑97
Chapter 1Introduction and core provisions
Part 1-3Core Provisions
Division 8Deductions
8-10 No double deductions for income year before 1997‑98 and income year after 1996‑97
If:
(a)
a provision of the Income Tax Assessment Act 1936 allows you a deduction in respect of an amount for the 1996‑97 income year or an earlier income year; and
(b)
a different provision of that Act, or a provision of the Income Tax Assessment Act 1997, allows you a deduction in respect of the same amount for the 1997‑98 income year or a later income year;
you can deduct only under the provision that is most appropriate.
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