Document ID: chunk:federal_register_of_legislation:C2025C00029:section:6:p24
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 6 (pt 24/24)
Character Range: 1086370–1087194

write‑off days in income year is the number of days in the income year:
 (a) that occur within the period:
 (i) starting on the first day of the income year in which the trees are established; and
 (ii) ending 14 years and 105 days after that day; and
 (b) on which you use the land occupied by the trees for the primary and principal purpose of *carbon sequestration by the trees; and
 (c) on which you satisfy a condition in subsection (5) for the trees.
write‑off rate is 7%.
 (3) You cannot deduct more in total than the amount of capital expenditure incurred for establishing the trees up to the time at which they are established.
 (5) The conditions are as follows:

Conditions for deduction for establishing trees in carbon sink forest
Item                                                                   Condition