Commonwealth Consolidated Acts

INCOME TAX (TRANSITIONAL PROVISIONS) ACT 1997 - SECT 8.10

    If:

  (a)   a provision of the Income Tax Assessment Act 1936 allows you a deduction in respect of an amount for the 1996 - 97 income year or an earlier income year; and

  (b)   a different provision of that Act, or a provision of the Income Tax Assessment Act 1997 , allows you a deduction in respect of the same amount for the 1997 - 98 income year or a later income year;

you can deduct only under the provision that is most appropriate.

Table of sections

15 - 1   General application provision

15 - 10   Application of section   15 - 10 of the Income Tax Assessment Act 1997 to bounties and subsidies

15 - 15   Application of section   15 - 15 of the Income Tax Assessment Act 1997 to profit - making plans

15 - 20   Application of section   15 - 20 of the Income Tax Assessment Act 1997 to royalties

15 - 30   Application of section   15 - 30 of the Income Tax Assessment Act 1997 to insurance or indemnity payments

15 - 35   Application of section   15 - 35 of the Income Tax Assessment Act 1997 to interest on overpayments and early payments of tax