Legislation

ITAA 1936 s 54 to 62AAV inclusive

ATO documents that consider ITAA 1936 s 54 to 62AAV inclusive

1 document

Income tax: if a purchase of depreciable plant comprises individual items costing $300 or less each or having an effective life of less than 3 years, can these individual items be depreciated at the rate of 100% in terms of subsection 55(2) of the Income Tax Assessment Act 1936?