A T O home
Legal Database
Search   
for 
 
Access the database 
Browse database
Searches  
View last document
Quick access 
View legislation
View a document
Email Cross Reference Material Previous/Next Section Contents Previous/Next Result
Printable version
Printable
version

INCOME TAX ASSESSMENT ACT 1997

CHAPTER 2 - LIABILITY RULES OF GENERAL APPLICATION  

PART 2-10 - CAPITAL ALLOWANCES: RULES ABOUT DEDUCTIBILITY OF CAPITAL EXPENDITURE  

Division 43 - Deductions for capital works  

Subdivision 43-B - Establishing the deduction base  

Operative provisions

SECTION 43-72  Meaning of forestry road, timber operation and timber mill building  

 View history reference [No equivalent]

43-72(1)  

A forestry road is a road constructed primarily and principally for the purpose of providing access to an area to enable:


(a) trees to be planted or tended in the area; or


(b) timber felled in the area to be removed.

For this purpose, a road includes any bridge, culvert or similar work forming part of the road.

43-72(2)  

A timber operation is:


(a) planting or tending trees for felling; or


(b) felling standing timber; or


(c) removing felled timber; or


(d) milling felled timber or processing it in another way.

43-72(3)  

A timber mill building is a building:


(a) for use primarily and principally:


(i) in carrying on your *business of milling timber for a *taxable purpose; or

(ii) as residential accommodation for your employees engaged in connection with the business, or for their dependants; and


(b) located in a forest, and in or adjacent to the area where timber milled in the business is, or is to be, felled.


 



This information is provided by CCH Australia Limited. View the disclaimer and notice of copyright.
Top of page
More information on page