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  • Eligible construction expenditure

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    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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    Construction expenditure is the actual cost of constructing the building or extension. A deduction is allowed for all expenditure incurred in the construction of a building where you are an owner-builder or you contract a builder to construct the building on your land. This includes the component of your payments that represents the profit made by individual tradespeople, builders and architects. However, if you purchase your property from a speculative builder, the component of your payment that represents the builder's profit margin is not allowable as a capital works deduction (special building write-off).

    Last modified: 28 Jul 2003QC 16187