Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) This section applies if you chose to stop being an STS taxpayer for the 2005-06 income year or the 2006-07 income year.
(2) You cannot choose to use new Subdivision 328-D to deduct amounts for your depreciating assets until at least 5 years after the income year for which you chose to stop being an STS taxpayer.
Note: Subdivision 328-D of the Income Tax Assessment Act 1997 continues to apply to depreciating assets that have been allocated to your small business pools even if you are not a small business entity, or do not choose to use that Subdivision, for an income year: see section 328-220 of that Subdivision.
Table of Subdivisions 355-D Registration for activities before
2011-12 income year 355-E Balancing adjustments for decline
in value deductions for assets used in R&D activities 355-F Integrity rules 355-K Modified
application of the old R&D law 355-M Undeducted core
technology expenditure
Table of sections 355-200 Registration for activities
before 2011-12 income year
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