INCOME TAX ASSESSMENT ACT 1997 - SECT 25.15 Amount paid for lease obligation to repair

INCOME TAX ASSESSMENT ACT 1997 - SECT 25.15

    You can deduct an amount that you pay for failing to comply with a lease obligation to make repairs to premises if you use or have used the premises for the * purpose of producing assessable income.

Note:   The amount is assessable income of the entity to which you pay it: either as ordinary income under section   6 - 5 or because it is included by section   15 - 25.