Commonwealth Consolidated Acts

INCOME TAX (TRANSITIONAL PROVISIONS) ACT 1997 - SECT 8.10

                   If:

                     (a)  a provision of the Income Tax Assessment Act 1936 allows you a deduction in respect of an amount for the 1996‑97 income year or an earlier income year; and

                     (b)  a different provision of that Act, or a provision of the Income Tax Assessment Act 1997 , allows you a deduction in respect of the same amount for the 1997‑98 income year or a later income year;

you can deduct only under the provision that is most appropriate.

Table of sections

15‑10        Application of section 15‑10 of the Income Tax Assessment Act 1997 to bounties and subsidies

15‑15        Application of section 15‑15 of the Income Tax Assessment Act 1997 to profit‑making plans

15‑20        Application of section 15‑20 of the Income Tax Assessment Act 1997 to royalties

15‑30        Application of section 15‑30 of the Income Tax Assessment Act 1997 to insurance or indemnity payments

15‑35        Application of section 15‑35 of the Income Tax Assessment Act 1997 to interest on overpayments and early payments of tax