Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 41.35

                   The new investment threshold for an income year (the relevant income year ) in relation to an asset means:

                     (a)  $1000 if you are a * small business entity during any of the following income years:

                              (i)  the income year in which occurs the * investment commitment time for any * recognised new investment amount for the asset in relation to the relevant income year;

                             (ii)  the income year in which occurs the * first use time for any such amount;

                            (iii)  the relevant income year; or

                     (b)  otherwise--$10,000.

Table of Subdivisions

             Guide to Division 43

43-A     Key operative provisions

43-B      Establishing the deduction base

43-C      Your area and your construction expenditure

43-D     Deductible uses of capital works

43-E      Special rules about uses

43-F      Calculation of deduction

43-G     Undeducted construction expenditure

43-H     Balancing deduction on destruction of capital works

Guide to Division 43