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  • Cost base adjustments for capital works deductions
    Attention

    Warning:

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

    End of attention

    In working out a capital gain in respect of property that you used to produce assessable income-such as a rental property or business premises-capital works deductions you claimed, or were entitled to claim, may need to be excluded from the cost base or reduced cost base.

    Last modified: 25 Feb 2020QC 27448