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

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.