INCOME TAX ASSESSMENT ACT 1997 - SECT 40.50 Assets for which you deduct under another Subdivision
INCOME TAX ASSESSMENT ACT 1997 - SECT 40.50
Assets for which you deduct under another Subdivision(1) You cannot deduct an amount, or work out a decline in value, for a * depreciating asset under this Subdivision if you or another taxpayer has deducted or can deduct amounts for it under Subdivision 40 - F (about primary production depreciating assets), 40 - G (about capital expenditure of primary producers and other landholders) or 40 - J (about capital expenditure for the establishment of trees in carbon sink forests).
(2) You cannot deduct an amount, or work out a decline in value,
for * in - house software under this Subdivision if you have allocated
expenditure on the software to a software development pool under Subdivision
40 - E.