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INCOME TAX ASSESSMENT ACT 1997

CHAPTER 2 - LIABILITY RULES OF GENERAL APPLICATION  

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

Division 40 - Capital allowances    View history reference

Subdivision 40-E - Low-value and software development pools    View history reference

Operative provisions

SECTION 40-455  

40-455  How to work out your deduction  

 View history reference [46-35; 46-40; 46-90]
For all the expenditure on *in-house software in a software development pool that was incurred in a particular income year (Year 1), you get deductions in successive income years as follows:
Deductions allowed for software development pool
 Column 1Column 2
ItemIncome yearAmount of expenditure you can deduct for that year
1Year 1Nil
2Year 230%
3Year 330%
4Year 430%
5Year 510%


 



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