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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.

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    A fund cannot claim a deduction for any period before the completion of construction of the capital works even though the fund 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 begun when the first step in the construction phase starts, for example, pouring foundations or sinking pylons for a building.

    Last modified: 13 Feb 2019QC 40267