INCOME TAX ASSESSMENT ACT 1997 - SECT 245.157 How expenditure is reduced--diminishing balance deductions
INCOME TAX ASSESSMENT ACT 1997 - SECT 245.157
How expenditure is reduced--diminishing balance deductions Any amount applied in reduction under section 245 - 145
of an expenditure of yours is taken to have been deducted by you in respect of
the expenditure before the * forgiveness income year, if the amount you could
deduct, apart from this Subdivision, in respect of the expenditure is a
percentage, fraction or proportion of an amount that is worked out after
taking into account any amount previously deducted by you in respect of the
expenditure.