Document ID: chunk:federal_register_of_legislation:C2004C00927:clause:5_26
Version: federal_register_of_legislation:C2004C00927
Segment Type: clause
Provision Reference: sch 5 cl 26
Character Range: 563644–564186

26  Subsection 995‑1(1)
Insert:

cost:
 (a) cost of a unit of *plant for depreciation purposes has the meaning given by Subdivision 42‑B; and
 (b) cost of an item of *trading stock, in the case of an animal that you acquired by natural increase, has the meaning given by section 70-55.

Note: The cost of an animal acquired by natural increase before the 1997-98 income year is the cost price of the animal under section 34 of the Income Tax Assessment Act 1936. See subsection 70‑55(2) of the Income Tax (Transitional Provisions) Act 1997.