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  • No deduction until construction is complete



    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 cannot claim a deduction for any period before the construction of the capital works is complete even though it used them, or part of them, before completion. Additionally, the deduction cannot exceed the undeducted construction expenditure for your area.

    Capital works are taken to have started when the first step in the construction phase starts - for example, the pouring of foundations or sinking of pylons for a building.

    Last modified: 29 Jul 2020QC 21714