Commonwealth Consolidated Acts

[Index] [Table] [Search] [Search this Act] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

INCOME TAX ASSESSMENT ACT 1997 - SECT 40.825

What this Subdivision is about

You 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


AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback