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 40 - Capital allowances    View history reference

Subdivision 40-F - Primary production depreciating assets    View history reference

Operative provisions

SECTION 40-535  Meaning of horticulture and commercial horticulture  

 View history reference ITAA 36

40-535(1)  

Horticulture includes:


(a) propagation and cultivation of a *horticultural plant in any environment (whether natural or artificial); and


(b) propagation and cultivation of seeds, bulbs, spores and similar things; and


(c) propagation and cultivation of fungi.

40-535(2)  

Use for commercial horticulture means use for the *purpose of producing assessable income in a *business of *horticulture.


 



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