Document ID: chunk:federal_register_of_legislation:C2010C00611:clause:4_1
Version: federal_register_of_legislation:C2010C00611
Segment Type: clause
Provision Reference: sch 4 cl 1
Character Range: 63524–64283

1                     (a) the obligation, or the part of the obligation, is an expense or outgoing that you deduct; and                                                                                                                                                                     the time when the expense or outgoing became deductible.
                      (b) the obligation, or the part of the obligation, was not incurred:
                      (i) in return for the acquisition of an item of *trading stock; or
                      (ii) in return for your starting to hold a *depreciating asset; and
                      (c) the obligation, or the part of the obligation, was not incurred as the second element of the cost of a depreciating asset