Commonwealth Consolidated Acts Commonwealth Consolidated ActsYou can deduct amounts for certain capital expenditure associated with projects you carry on. You deduct the amounts over the life of the project using a pool.
You can also deduct amounts for certain business related costs. You deduct these amounts over 5 years (or immediately in the case of some start - up expenses for small businesses) if the amounts are not otherwise taken into account and are not denied a deduction.
Table of sections
Operative provisions
40 - 830 Project pools
40 - 832 Project pools for post - 9 May 2006 projects
40 - 835 Reduction of deduction
40 - 840 Meaning of project amount
40 - 845 Project life
40 - 855 When you start to deduct amounts for a project pool
40 - 860 Meaning of mining capital expenditure
40 - 865 Meaning of transport capital expenditure
40 - 870 Meaning of transport facility
40 - 875 Meaning of processed minerals and minerals treatment
40 - 880 Business related costs
40 - 885 Non - arm's length transactions