INCOME TAX ASSESSMENT ACT 1936 - SECT 82KZMD Business expenditure and non - business expenditure by non

Commonwealth Consolidated Acts

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INCOME TAX ASSESSMENT ACT 1936 - SECT 82KZMD

Business expenditure and non - business expenditure by non - individual

(2) For each year of income containing all or part of the eligible service period for the expenditure, the taxpayer may deduct the amount worked out using the formula:

$Start formula Expenditure times start fraction Number of days of eligible service period in the year of income over Total number of days of eligible service period end fraction end formula$

Note: This section does not apply to expenditure incurred by a small or medium business entity unless the entity chooses to apply this section to the expenditure: see paragraph 82KZMA(2)(b).

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