Document ID: chunk:federal_register_of_legislation:C2011C00698:clause:5_3:p2
Version: federal_register_of_legislation:C2011C00698
Segment Type: clause
Provision Reference: sch 5 cl 3 (pt 2/2)
Character Range: 56011–56927

deducted by the joining entity before the joining time.

Trading stock

 (2) Subsection 701‑55(6) does not apply in relation to an asset if it is *trading stock.

Certain depreciating assets etc.

 (3) Subsection 701‑55(6) does not apply in relation to an asset if any of the following provisions are to apply in relation to the asset:
 (a) Subdivision 40‑F (Primary production depreciating assets);
 (b) Subdivision 40‑G (Capital expenditure of primary producers and other landholders);
 (c) Subdivision 40‑H (Capital expenditure that is immediately deductible);
 (d) Subdivision 40‑I (Capital expenditure that is deductible over time), other than section 40‑880 (Business related costs);
 (e) Subdivision 40‑J (Capital expenditure for the establishment of trees in carbon sink forests);
 (f) Division 41 (Additional deduction for certain new business investment);
 (g) Division 43 (Deductions for capital works).