Commonwealth Consolidated Acts

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INCOME TAX ASSESSMENT ACT 1997 - SECT 35.50

Apportionment

    If an asset that is being taken into account under section   35 - 40 or 35 - 45 is used during an income year partly in carrying on the relevant * business activity and partly for other purposes, only that part of its * reduced cost base, * market value or other value that is attributable to its use in carrying on the business activity in that year is taken into account for that section.


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