Document ID: chunk:federal_register_of_legislation:C2004C00927:clause:1_3:p17
Version: federal_register_of_legislation:C2004C00927
Segment Type: clause
Provision Reference: sch 1 cl 3 (pt 17/24)
Character Range: 453164–456011

or power for use on, access to or communication with the site of *eligible mining operations; or
 (b) a contribution to the cost of providing water, light or power for one of those purposes.

Note: You may be able to deduct amounts for such expenditure under Subdivision 330‑C: see section 330‑80 and paragraph 330‑85(d).

387‑375  Deductions under this Subdivision prevent other deductions for same expenditure

 (1) If you can deduct, or have deducted, an amount for any income year under this Subdivision for your expenditure:
 (a) an entity cannot deduct an amount for any income year under a provision of this Act (except this Subdivision) for the expenditure; and
 (b) the expenditure cannot be taken into account to work out the amount of an entity's deduction for any income year under a provision of this Act (except this Subdivision).

 (2) Subsection (1) also applies in working out the net income, or partnership loss, of a partnership under section 90 of the Income Tax Assessment Act 1936.

Partnerships

387‑380  How this Subdivision applies to partners and partnerships

Application

 (1) This section applies to allocate expenditure to you for the purposes of this Subdivision if you were a partner in a partnership when it incurred capital expenditure during an income year.

Allocating partnership expenditure to partners

 (2) For the purposes of this Subdivision, you are taken to have incurred during that income year:
 (a) the amount of the expenditure that the partners agreed you should bear; or
 (b) if there was no such agreement—the proportion of the expenditure equal to the proportion of your individual interest in the net income or partnership loss of the partnership for that income year.

This Subdivision does not apply to net income or partnership loss

 (3) Disregard this Subdivision when working out the net income or partnership loss of the partnership under section 90 of the Income Tax Assessment Act 1936.

[The next section is section 387‑390.]

Other deductible expenditure

387‑390  Contributions to cost of connecting power to land or upgrading the connection

  For the purposes of this Subdivision, a contribution to the cost of *connecting power to land or upgrading the connection is treated in the same way as capital expenditure on *connecting power to land or upgrading the connection.

Subdivision 387-F—Telephone lines

Guide to Subdivision 387-F

387-400  What this Subdivision is about

      You can deduct over 10 years your capital expenditure:
           on a telephone line on land; or
           on a telephone line extending to land;
      if you have an interest in the land and the land is used for a primary production business.

Table of sections

Deductions

387‑405 Deduction for expenditure on a telephone line

Limits on deductions

387‑410 Expenditure that you