INCOME TAX ASSESSMENT ACT 1997 - SECT 40.825 What this Subdivision is about
INCOME TAX ASSESSMENT ACT 1997 - SECT 40.825
What this Subdivision is aboutYou can deduct amounts for certain capital expenditure associated with projects you carry on. You deduct the amounts over the life of the project using a pool.
You can also deduct amounts for certain business related costs. You deduct these amounts over 5 years (or immediately in the case of some start - up expenses for small businesses) if the amounts are not otherwise taken into account and are not denied a deduction.
40 - 832 Project pools for post - 9 May 2006 projects
40 - 835 Reduction of deduction
40 - 840 Meaning of project amount
40 - 845 Project life
40 - 855 When you start to deduct amounts for a project pool
40 - 860 Meaning of mining capital expenditure
40 - 865 Meaning of transport capital expenditure
40 - 870 Meaning of transport facility
40 - 875 Meaning of processed minerals and minerals treatment
40 - 880 Business related costs
40 - 885 Non - arm's length transactions