Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 40.1000

You can deduct amounts for capital expenditure incurred for establishing trees that meet the requirements for constituting a carbon sink forest.

Table of sections

Operative provisions

40 - 1005   Deduction for expenditure for establishing trees in carbon sink forests

40 - 1010   Expenditure for establishing trees in carbon sink forests

40 - 1015   Carbon sequestration by trees

40 - 1020   Certain expenditure disregarded

40 - 1025   Non - arm's length transactions

40 - 1030   Extra deduction for destruction of trees in carbon sink forest

40 - 1035   Getting information if you acquire a carbon sink forest