Date-stamp loading
Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 28 March 2003 - onwards
    Version 1 of 1    

65. Amendment of section 556 (adjustment of allowable expenditure by reference to consumer price index) of Principal Act.

Section 556 of the Principal Act is amended

(a) in subsection (2)(a) by substituting "specified in subsection (5), determined under subsection (6) or specified in subsection (6A), as the case may be." for "specified in subsection (5) or determined under subsection (6), as the case may be.",

(b) in subsection (6)(a) by substituting "in each subsequent year of assessment up to and including the year of assessment 2003." for "each subsequent year of assessment.",

(c) in subsection (6)(b) by substituting "any subsequent year of assessment up to and including the year of assessment 2003," for "any subsequent year of assessment,", and

(d) by inserting the following after subsection (6):

"(6A) In relation to the disposal of an asset made in the year 2004 or any subsequent year of assessment, the multiplier shall be the figure mentioned in column (2) of the Table to this subsection opposite the mention in column (1) of that Table of the year of assessment in which the deductible expenditure

Comparing proposed amendment...