Show download pdf controls
  • Requirement for deductibility



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

    End of attention

    A fund can deduct an amount for capital works in an income year if:

    • the capital works have a 'construction expenditure area' and
    • there is a 'pool of construction expenditure' for that area, and
    • the fund uses the area in the income year to produce assessable income.
    Last modified: 29 Jul 2020QC 21714