Taxation Ruling IT 2130A - Addendum - Income tax: depreciation: investment allowance - demountable car parks: whether plant



Ruling: 1. Ruling heading: Omit the heading; substitute 'Income tax: demountable car parks - whether plant'. | 2. Paragraph 2: Omit 'section 54 of the Income Tax Assessment Act 1936' in the first sentence; substitute 'section 45-40 of the Income Tax Assessment Act 1997 (ITAA 1997)'. | 3. Paragraph 3: Omit the paragraph; substitute: | 4. Paragraph 4: Omit the paragraph; substitute:




This Addendum amends Taxation Ruling IT 2130 as a deduction for the development allowance (former investment allowance) under Subdivision B of Division 3 of Part III of the Income Tax Assessment Act 1936 is not available in respect of a unit of property first used or installed ready for use after 30 June 2002. | Taxation Ruling IT 2130 is also amended to reflect the insertion of section 45-40 of the Income Tax Assessment Act 1997. This section provides the meaning of 'plant' from 1 July 2001.


Related rulings: IT 2130
Legislative references: Omit the legislative references; substitute: | This Addendum applies on and from 1 July 2002. | Commissioner of Taxation 15 December 2004
Subject references: Omit the subject references; substitute: