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