The taxation legislation also contains a number of provisions that provide deductions for particular kinds of expenditure that don’t fall under sec. 8-1 ITAA97. In particular, there are ITAA provisions that relate to expenses incurred with the following categories: (1) Capital Write-Offs & Allowances (2) Trading Stock; and (3) Motor Vehicles. Required: Discuss how and why the ITAA legislation operates with respect to deductions for expenses incurred in the three categories referred to above, using examples and reference to ITAA legislation and relevant case law decisions, to support your answer 

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The Income Tax Assessment Act 1997 ITAA97 contains provisions that allow taxpayers to claim deductions for certain expenses that do not fall under sec ... View the full answer