Document ID: chunk:federal_register_of_legislation:C2025C00029:section:8:p13
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 8 (pt 13/13)
Character Range: 1014113–1015059

in subsection (1) you incur after the pool is created (whether in that income year or a later one) must be allocated to a software development pool.
 (3) However, an amount of expenditure on *in‑house software can only be allocated to a software development pool if you intend to use the software solely for a *taxable purpose.
 (4) You must create a separate software development pool for each income year for which you incur amounts of the kind referred to in subsection (1).

40‑455  How to work out your deduction
  For all the expenditure on *in‑house software in a software development pool that was incurred in a particular income year (Year 1), you get deductions in successive income years as follows:

Deductions allowed for software development pool
                                                  Column 1     Column 2
Item                                              Income year  Amount of expenditure you can deduct for that year