INCOME TAX ASSESSMENT ACT 1997 - SECT 328.235 Interaction with Divisions 85 and 86
INCOME TAX ASSESSMENT ACT 1997 - SECT 328.235
Interaction with Divisions 85 and 86(1) Despite sections 85 - 10 and 86 - 60, if you are a * small business entity for an income year you can deduct amounts for * depreciating assets under this Subdivision.
(2) However, you cannot deduct an amount for a * car under this
Subdivision if, had you not been a * small business entity and chosen to use
this Subdivision, sections 86 - 60 and 86 - 70 would have prevented you
deducting an amount for it.