Document ID: chunk:federal_register_of_legislation:C2010C00603:clause:6_8
Version: federal_register_of_legislation:C2010C00603
Segment Type: clause
Provision Reference: sch 6 cl 8
Character Range: 138916–139536

8  After subsection 40‑630(2)
Insert:

 (2A) In applying paragraph (2)(b) to capital expenditure incurred by a *rural land irrigation water provider on a dam or structural improvement, the requirement in paragraph 45‑40(1)(c) that the land on which the dam or structural improvement is situated be used for agricultural or pastoral operations is to be disregarded.

Exception: deduction available under Subdivision 40‑F

 (2B) A *rural land irrigation water provider cannot deduct an amount under this Subdivision for capital expenditure if the entity can deduct an amount for that expenditure under Subdivision 40‑F.