Related Commentary  

307B(1)  This section applies in relation to the calculation of the profits of a property business on the cash basis.

307B(2)  No deduction is allowed for an item of a capital nature incurred on, or in connection with, the acquisition or disposal of a business or part of a business.

307B(3)  No deduction is allowed for an item of a capital nature incurred on, or in connection with, education or training.

307B(4)  No deduction is allowed for an item of a capital nature incurred on, or in connection with, the provision, alteration or disposal of land.

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