INCOME TAX ASSESSMENT ACT 1997 No. 38 of 1997 - SECT 40.15 Who may deduct?

INCOME TAX ASSESSMENT ACT 1997 No. 38 of 1997 - SECT 40.15

(1) Some *capital allowances are available to entities in general. These are:

   (a)  depreciation of *plant (section 54 of the Income Tax Assessment  Act
        1936 ); and

   (b)  capital works (Division 43).

(2) The other allowances are for particular industries or activities. You can
see which allowances might be relevant to you by checking the list in
Subdivision 40-B.