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  • Lessee of a building



    This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

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    A lessee can claim a deduction in respect of an area leased or held under a quasi-ownership right.

    To claim a deduction, the lessee must have:

    • incurred the construction expenditure or been an assignee of the lessee who incurred the expenditure
    • continuously leased or held the building itself, or the building must have been held in that way by previous lessees, holders or assignees since completion of construction, and
    • used the building to produce assessable income.

    If there is a lapse in the lease the entitlement to the deduction reverts to the building owner.

    Last modified: 29 Jul 2020QC 21714