Div 40 substituted for Divs 40, 41 and 42 by No 76 of 2001.
Subdiv 40-H inserted by No 76 of 2001.
SECTION 40-760 Limits on deductions from environmental protection activities
Expenditure you cannot deduct
(a) expenditure for acquiring land; or
(b) capital expenditure for constructing a building, structure or structural improvement; or
(c) capital expenditure for constructing an extension, alteration or improvement to a building, structure or structural improvement; or
(d) a bond or security (however described) for performing *environmental protection activities; or
(e) expenditure to the extent that you can deduct an amount for it under a provision of this Act outside this Subdivision.
You may be able to deduct expenditure described in paragraph (1)(b) or (c) under Division 43 (which deals with capital works).
S 40-760 inserted by No 76 of 2001.