ITAA 1997 s 40-25(1)

Miscellaneous taxes: application of the income tax and GST laws to immediate transfer farm-out arrangements

Miscellaneous taxes: application of the income tax and GST laws to deferred transfer farm-out arrangements

Compendium

Income tax: is the cost of a depreciating asset purchased by a taxpayer to assist them undertake a specific client project immediately deductible under section 8-1 or written off over the effective life of the asset under section 40-25 of the Income Tax Assessment Act 1997 if the taxpayer continues to hold the asset after the project ends?

Exemption with progression: work related expenses relating to exempt foreign employment income

Capital allowances: depreciating asset - hold - fixtures on land

Capital allowances: depreciating asset - use for a purpose other than a taxable purpose

Step 2 of entry: allocable cost amount - deferred tax liabilities

Capital Allowances: depreciating asset - in-house software

Capital Allowances: - hold - depreciating asset constructed by a contractor

Capital Allowances: low-value assets allocated to low-value pools

Capital Allowances: taxable purpose - use of depreciating assets

Capital Allowances: decline in value - taxable purpose - hobby of prospecting

Capital Allowances: depreciating asset - rights to virtual land