‑1 What this Division is about
You may be able to deduct an amount in relation to a depreciating asset for the 2008‑09, 2009‑10, 2010‑11 or 2011‑12 income year if: (a) you can deduct an amount for the decline in value for the asset for the relevant year under Subdivision 40‑B; and (b) you make certain new investments in respect of the asset in the period starting on 13 December 2008 and ending on 31 December 2009; and (c) the total of those new investments is at least $1000 (for small businesses) or $10,000 (for other businesses). Table of sections Operative provisions 41‑5 Object of Division 41‑10 Entitlement to deduction for investment 41‑15 Amount of deduction 41‑20 Recognised new investment amount 41‑25 Investment commitment time 41‑30 First use time 41‑35 New investment threshold
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