INCOME TAX ASSESSMENT ACT 1997 - SECT 250.20 First exclusion--small business entities
INCOME TAX ASSESSMENT ACT 1997 - SECT 250.20
First exclusion--small business entitiesThis Division does not apply to you and an asset if:
(a) you are a * small business entity for the income year in which the * arrangement period for the * tax preferred use of the asset starts; and
(b) you choose to deduct amounts under Subdivision 328 -
D for the asset for that income year.