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  • Capital works



    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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    You can deduct construction costs in respect of the following capital works:

    • buildings or extensions, alterations or improvements to a building
    • structural improvements or extensions, alterations or improvements to structural improvements
    • environmental protection earthworks.

    Deductions for construction costs must be based on actual costs incurred. If it is not possible to genuinely determine the actual costs, provide an estimate by a quantity surveyor or other independent qualified person. The costs incurred by the fund for providing this estimate are deductible as a tax-related expense, not as an expense in gaining or producing assessable income.

    Last modified: 13 Feb 2019QC 28016