Section EE 46 — Income Tax Act 2007: Items for purposes of section EE 44

EE 46 Items for purposes of section EE 44 Items to which sections EE 48 to EE 52 apply (1) For the purposes of section EE 44 , an item of property to which sections EE 48 to EE 52 apply is an item of depreciable property that a person owns, including— (a) an item for which the person has been allowed a deduction for an amount of depreciation loss they have had under section EE 33 ; and (b) an item to which section CZ 11 (Recovery of deductions for software acquired before 1 April 1993) applies. Exclusions (2) Sections EE 48 to EE 52 do not apply to— (a) an item of property that, on the date on which the disposal or the event occurs, is accounted for in a pool; or (b) an item of petroleum-related depreciable property; or (c) an item of intangible property that is excluded depreciable property, other than software; or (d) a land improvement that is excluded depreciable property of a kind for which no deduction for depreciation was allowed under section 108 of the Income Tax Act 1976. Defined in this Act: amount , deduction , depreciable property , depreciation loss , excluded depreciable property , own , petroleum-related depreciable property , pool , property , Compare: 2004 No 35 s EE 39