Commonwealth Numbered Acts

INCOME TAX ASSESSMENT ACT 1997 No. 38 of 1997 - SECT 330.495

(1) The written down value is:
. your total capital expenditure in respect of the property; less:
. the amounts covered by paragraph 330-480(1)(a) (your deductions). Note: If
you dispose of part of an interest in property, section 330- 500 tells you
what the written down value in respect of that part is.

(2) If the balancing adjustment is required because of subsection 330-480(2),
the written down value is the total capital expenditure referred to in
subsection (1) of this section.