Commonwealth Consolidated Acts

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INCOME TAX ASSESSMENT ACT 1997 - SECT 25.15

Amount paid for lease obligation to repair

    You can deduct an amount that you pay for failing to comply with a lease obligation to make repairs to premises if you use or have used the premises for the * purpose of producing assessable income.

Note:   The amount is assessable income of the entity to which you pay it: either as ordinary income under section   6 - 5 or because it is included by section   15 - 25.



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