#### 30‑249 Effect of election (1) In each of the income years you specified in the election, you can deduct the amount corresponding to the percentage you specified for that year. (2) You cannot deduct the amount that you otherwise would have been able to deduct for the gift in the income year in which you made the gift or entered into the covenant.

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Section 30‑249 Effect of election - Income Tax Assessment Act 1997 - 30‑249 Effect of election — Zoe