Commonwealth Consolidated Acts

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INCOME TAX ASSESSMENT ACT 1997 - SECT 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

1

Year 1

Nil

2

Year 2

30%

3

Year 3

30%

4

Year 4

30%

5

Year 5

10%



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