Document ID: chunk:federal_register_of_legislation:C2004C00958:clause:1_7:p3
Version: federal_register_of_legislation:C2004C00958
Segment Type: clause
Provision Reference: sch 1 cl 7 (pt 3/3)
Character Range: 603276–604140

*current year because of a transmission by operation of law, the amount you can deduct for the current year is:

 • your *unrecouped expenditure on the item immediately before the transmission;

divided by:

 • the number of income years from the start of the current year to the end of the item's *effective life.

Deduction adjusted if less than $100

 (3) If the amount worked out under subsection (1) or (2) is less than $100, you deduct instead the lesser of:

 (a) $100; and

 (b) your *unrecouped expenditure on the item at the end of the *current year or immediately before the transmission (as appropriate).

Deduction may be reduced by other provisions

 (4) Your deduction may be reduced by the provisions shown in the table.

Deductions reduced
Item                For this situation:                                                   See: