Legislation

ITAA 1997 s 40-515(4) does not apply, a deduction is allowed under section 40-515 to the taxpayer in the year of incurring expenditure, for the decline in value of the water facility, as worked out under section 40-540

ATO documents that consider ITAA 1997 s 40-515(4) does not apply, a deduction is allowed under section 40-515 to the taxpayer in the year of incurring expenditure, for the decline in value of the water facility, as worked out under section 40-540