INCOME TAX ASSESSMENT ACT 1997 - SECT 250.145 Denial of capital allowance deductions

INCOME TAX ASSESSMENT ACT 1997 - SECT 250.145

  (1)   If this Division applies to you and an asset at a particular time, any condition that needs to be satisfied for you to be able to deduct an amount under a * capital allowance provision in relation to:

  (a)   a decline in the value of the asset; or

  (b)   expenditure in relation to the asset;

is taken not to be satisfied at that time.

  (2)   This section has effect subject to section   250 - 150.