Document ID: chunk:federal_register_of_legislation:C2004C00958:clause:5_124zzea
Version: federal_register_of_legislation:C2004C00958
Segment Type: clause
Provision Reference: sch 5 cl 124ZZEA
Character Range: 920434–920972

124ZZEA  This Division does not apply after 1997‑98 year of income

  An amount is not deductible under this Division for a year of income after the 1997‑98 year of income.

Note: Subdivision 387‑C of the Income Tax Assessment Act 1997 allows deductions for the 1998‑99 year of income and later years of income for capital expenditure relating to the establishment of a horticultural plant (including expenditure incurred before the 1998‑99 year of income—see Subdivision 387‑C of the Income Tax (Transitional Provisions) Act 1997).