Document ID: chunk:federal_register_of_legislation:C2015A00114:clause:2_3
Version: federal_register_of_legislation:C2015A00114
Segment Type: clause
Provision Reference: sch 2 cl 3
Character Range: 7791–8655

3  After subsection 40‑880(2)
Insert:
 (2A) However, you can deduct the capital expenditure in the income year in which you incur it if:
 (a) the expenditure is incurred in relation to a business that is proposed to be carried on; and
 (b) the expenditure is incurred:
 (i) in obtaining advice or services relating to the proposed structure, or proposed operation of the business; or
 (ii) in payment to an *Australian government agency of fees, taxes or charges relating to establishing the business or its operating structure; and
 (c) you are a *small business entity for the income year, or both of the following apply:
 (i) you are not carrying on a *business in the income year;
 (ii) you are not *connected with, or an *affiliate of, another entity that carries on a business in the income year and that is not a small business entity for the income year.