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End of attention
The fund can claim a deduction under Division 43 for an income year only if it:
- owns, leases or holds part of a construction expenditure area of capital works
- incurred the expense, and
- uses the building to produce income.
The area the fund owns, leases or holds is called 'your area'.
In calculating the fund deduction, you must identify your area for each construction expenditure area of the capital works. Your area may comprise the whole of the construction area or part of it.
Last modified: 25 Nov 2009QC 21714