Document ID: chunk:federal_register_of_legislation:C2004C01244:clause:1_239
Version: federal_register_of_legislation:C2004C01244
Segment Type: clause
Provision Reference: sch 1 cl 239
Character Range: 57442–58049

239  Subsection 160ZK(1A)
Repeal the subsection, substitute:

 (1A) The reference in paragraph (1)(a) to any part of the consideration, of the costs or of the expenditure that has been allowed or is allowable as a deduction to the taxpayer in respect of any year of income includes:
 (a) an amount that, apart from subsections 124ZB(4) and 124ZG(5), would have been so allowed or allowable under Division 10C or 10D of Part III this Act; and
 (b) an amount that, apart from paragraph 43-70(2)(h) of the Income Tax Assessment Act 1997, would have been so allowed or allowable under Division 43 of that Act.