Document ID: chunk:federal_register_of_legislation:C2004C00927:clause:11_1:p3
Version: federal_register_of_legislation:C2004C00927
Segment Type: clause
Provision Reference: sch 11 cl 1 (pt 3/8)
Character Range: 681353–684265

entitled to recoup it.

[The next Subdivision is Subdivision 387‑D.]

Subdivision 387‑D—Establishing grapevines

Table of sections

387‑300 Application of Subdivision 387‑D of the Income Tax Assessment Act 1997
387‑315 Deduction for destruction of grapevine established before 1997-98 income year

387‑300  Application of Subdivision 387‑D of the Income Tax Assessment Act 1997

 (1) Subdivision 387‑D of the Income Tax Assessment Act 1997 applies to assessments for the 1997-98 income year and later income years, in relation to expenditure incurred on or after 1 July 1993.

 (2) For the purpose of applying that Subdivision in relation to expenditure you incurred before the 1997-98 income year, you are taken to have incurred the amount of expenditure for which you could deduct an amount under section 75AA of the Income Tax Assessment Act 1936 for an income year before the 1997-98 income year.

Note: This means that you cannot get a deduction under that Subdivision for expenditure that you recouped before the 1997-98 income year.

[The next section is section 387‑315.]

387‑315  Deduction for destruction of grapevine established before 1997-98 income year

  Despite section 387‑300 of this Act, section 387‑315 of the Income Tax Assessment Act 1997 applies in relation to a grapevine established before the 1997-98 income year and destroyed in that income year or later, as if section 387‑305 of that Act had applied to assessments for income years before that income year.

Subdivision 387‑E—Mains electricity supply

Table of sections

387‑350 Application of Subdivision 387‑E of the Income Tax Assessment Act 1997
387‑375 Saving of deductions under section 70A of the Income Tax Assessment Act 1936

387‑350  Application of Subdivision 387‑E of the Income Tax Assessment Act 1997

  Subdivision 387‑E of the Income Tax Assessment Act 1997 applies to assessments for the 1997-98 income year and later income years, in relation to:
 (a) capital expenditure on connecting power to land or upgrading the connection, regardless of when it was incurred; and
 (b) contributions to the cost of connecting power to land or upgrading the connection, regardless of when they were made.

[The next section is section 387‑375.]

387‑375  Saving of deductions under section 70A of the Income Tax Assessment Act 1936

  Subdivision 387‑E of the Income Tax Assessment Act 1997 does not affect a deduction, or an entitlement to a deduction, under section 70A of the Income Tax Assessment Act 1936 for the 1996‑97 income year or an earlier income year.

Subdivision 387‑F—Telephone lines

Table of sections

387‑400 Application of Subdivision 387‑F of the Income Tax Assessment Act 1997
387‑410 Disregarding deductions under section 70 of the Income Tax Assessment Act 1936
387‑415 Saving of deductions under section 70 of the Income Tax Assessment Act 1936

387‑400  Application of Subdivision 387‑F of