Project Pool - Transport Capital Expenditure
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<p >This Ruling considers the operation of certain provisions in Subdivision 40-I of the <i >Income Tax Assessment Act 1997</i> (ITAA 1997) which allow deductions for project amounts that are allocated to a project pool. The Ruling is concerned with project amounts under subsection 40-840(2) which are specific items of capital expenditure directly connected with a project carried on or proposed to be carried on by a taxpayer for a taxable purpose. The Ruling is not to be read as applying to any amount of 'mining capital expenditure' o<b>r 'transport capital expenditure'</b> that is a project amount under subsection 40-840(1).
<a id="P2" name="P2"> </a><a id="#P2" name="#P2"> </a><a id="P2" name="P2"> </a><a id="atP2" name="atP2"> </a><a id="#atP2" name="#atP2"> </a><a id="atP2" name="atP2"> </a>2. All references in this Ruling are to the ITAA 1997.</p>
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