Document ID: chunk:federal_register_of_legislation:C2004C00927:clause:11_40
Version: federal_register_of_legislation:C2004C00927
Segment Type: clause
Provision Reference: sch 11 cl 40
Character Range: 703545–704050

40  Before subsection 75AA(1A)
Insert:

 (1AA) A deduction is not allowable under this section for the 1997-98 year of income or a later year of income.

Note: Subdivision 387‑D of the Income Tax Assessment Act 1997 provides for deductions for the 1997-98 year of income and later years of income for expenditure in respect of the establishment of a grape vine (including expenditure incurred before the 1997-98 year of income—see Subdivision 387‑D of the Income Tax (Transitional Provisions) Act 1997).