Page 33 - Taxation Exam Revision 2018 - Deductions & Capital Allowanances
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ITC EXAM PREP
Capital Allowances & Recoupments
Topic Section
Use of the • S 11(e): Wear-and-tear allowance (read with
asset Interpretation Note47 /Commissioner’s public
(allowances) notice)
• S 12B: Special wear-and-tear allowance
• S 12C: Special wear-and-tear allowance
• S 12E: Deductions in respect of a small business
corporation
• S 13: Deduction in respect of buildings used in a
manufacturing process
• S 13sex:Residential units
• S 13quin:Deduction in respect of commercial
buildings
• Ss24I and 25D: Foreign currency transactions
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