Document ID: chunk:federal_register_of_legislation:C2004C00958:clause:1_9:p11
Version: federal_register_of_legislation:C2004C00958
Segment Type: clause
Provision Reference: sch 1 cl 9 (pt 11/11)
Character Range: 687298–688313

sole or dominant purpose of evaluating the impact on the environment (or the likely impact) of a project that is carried out, or is proposed to be carried out:

 (a) for the *purpose of producing your assessable income for an income year (except a *net capital gain); or

 (b) for purposes that include that purpose.

 (2) However, you cannot deduct expenditure under this section to the extent that you incur it for the purpose of determining the economic feasibility of your project.

 (3) The table shows the amount and timing of your deductions.

Amount and timing of deductions for expenditure
                                                 If at the end of the income year in which you incur the expenditure ...

Item                                                                                                                                                You can deduct ...                                                                                                                  For ...