INCOME TAX ASSESSMENT ACT 1997 - SECT 245.150 Allocation of remaining total net forgiven amount in respect of expenditures
INCOME TAX ASSESSMENT ACT 1997 - SECT 245.150
Allocation of remaining total net forgiven amount in respect of expenditures(a) the order in which your expenditures are reduced; and
(b) the amount applied in reduction of each of those expenditures;
so long as that the * total net forgiven amount remaining is applied, to the maximum extent possible, in reduction of your expenditures.
(2) If you do not make a choice for the purposes of subsection
(1), the Commissioner may make the choice on your behalf in a
reasonable way.