Commonwealth Consolidated Acts Commonwealth Consolidated ActsYou may be able to deduct an amount in relation to a depreciating asset for the 2008 - 09, 2009 - 10, 2010 - 11 or 2011 - 12 income year if:
(a) you can deduct an amount for the decline in value for the asset for the relevant year under Subdivision 40 - B; and
(b) you make certain new investments in respect of the asset in the period starting on 13 December 2008 and ending on 31 December 2009; and
(c) the total of those new investments is at least $1000 (for small businesses) or $10,000 (for other businesses).
Table of sections
Operative provisions
41 - 5 Object of Division
41 - 10 Entitlement to deduction for investment
41 - 15 Amount of deduction
41 - 20 Recognised new investment amount
41 - 25 Investment commitment time
41 - 30 First use time
41 - 35 New investment threshold