Taxation (Livestock Valuation, Assets Expenditure, and Remedial Matters) Act 2013

  • This version was replaced on 20 July 2018 to make corrections to sections 30, 33(1), 39, 41(2), 49, 65(2), and 131(1) under section 25(1)(k) of the Legislation Act 2012.
23 New section DA 5 inserted (Treatment of expenditure for commercial fit-out)

(1)

After section DA 4, insert:

DA 5 Treatment of expenditure for commercial fit-out

When applying the capital limitation to expenditure, to the extent to which the expenditure relates to a building’s item of commercial fit-out (the item), the expenditure is treated as relating to the item, and not the building.

Defined in this Act: commercial fit-out, expenditure, capital limitation

(2)

Subsection (1) applies for the 2011–12 and later income years.