Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1936 - SECT 82KZMF

             (1)  If this section applies to expenditure incurred by a taxpayer in a year of income:

                     (a)  the taxpayer cannot deduct all of the expenditure for the expenditure year; and

                     (b)  instead, the taxpayer can deduct, for each year of income during which part of the eligible service period for the expenditure occurs, an amount worked out using this formula:

             (2)  This section has effect:

                     (a)  despite section 73B, 73BA, 73BH, 73QA, 73QB or former section 73Y of this Act or section 8‑1 of the Income Tax Assessment Act 1997 ; and

                     (b)  subject to Division 245 of Schedule 2C to this Act.