Document ID: chunk:federal_register_of_legislation:C2025C00029:section:3:p4
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 3 (pt 4/13)
Character Range: 810023–813137

this compilation does not show the text of the compiled law as modified. For more information on any modifications, see the Register for the compiled law.

Self‑repealing provisions

If a provision of the compiled law has been repealed in accordance with a provision of the law, details are included in the endnotes.

Contents
Chapter 2—Liability rules of general application
Part 2‑10—Capital allowances: rules about deductibility of capital expenditure
Division 40—Capital allowances
Guide to Division 40
40‑1 What this Division is about
40‑10 Simplified outline of this Division
Subdivision 40‑A—Objects of Division
40‑15 Objects of Division
Subdivision 40‑B—Core provisions
Guide to Subdivision 40‑B
40‑20 What this Subdivision is about
Operative provisions
40‑25 Deducting amounts for depreciating assets
40‑27 Further reduction of deduction for second‑hand assets in residential property
40‑30 What a depreciating asset is
40‑35 Jointly held depreciating assets
40‑40 Meaning of hold a depreciating asset
40‑42 When mining, quarrying or prospecting rights are used
40‑45 Assets to which this Division does not apply
40‑50 Assets for which you deduct under another Subdivision
40‑53 Alterations etc. to certain depreciating assets
40‑55 Use of the "cents per kilometre" car expense deduction method
40‑60 When a depreciating asset starts to decline in value
40‑65 Choice of methods to work out the decline in value
40‑70 Diminishing value method
40‑72 Diminishing value method for post‑9 May 2006 assets
40‑75 Prime cost method
40‑80 When you can deduct the asset's cost
40‑82 Assets costing less than $150,000—medium sized businesses—assets first acquired between 2 April 2019 and 31 December 2020
40‑85 Meaning of adjustable value and opening adjustable value of a depreciating asset
40‑90 Debt forgiveness
40‑95 Choice of determining effective life
40‑100 Commissioner's determination of effective life
40‑102 Capped life of certain depreciating assets
40‑103 Effective life and remaining effective life of certain vessels
40‑105 Self‑assessing effective life
40‑110 Recalculating effective life
40‑115 Splitting a depreciating asset
40‑120 Replacement spectrum licences
40‑122 Partial conversions of mining, quarrying or prospecting rights
40‑125 Merging depreciating assets
40‑130 Choices
40‑135 Certain anti‑avoidance provisions
40‑140 Getting tax information from associates
Subdivision 40‑C—Cost
Guide to Subdivision 40‑C
40‑170 What this Subdivision is about
Operative provisions
40‑175 Cost
40‑180 First element of cost
40‑185 Amount you are taken to have paid to hold a depreciating asset or to receive a benefit
40‑190 Second element of cost
40‑195 Apportionment of cost
40‑200 Exclusion from cost
40‑205 Cost of a split depreciating asset
40‑210 Cost of merged depreciating assets
40‑215 Adjustment: double deduction
40‑217 Cost of partial continuations of mining, quarrying or prospecting rights
40‑220 Cost reduced by amounts not of a capital nature
40‑222 Cost reduced by water infrastructure improvement expenditure
40‑225 Adjustment: acquiring a car at a discount
40‑230 Adjustment: car