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  • Changes in building ownership



    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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    Where ownership of the building changes, the right to claim any undeducted construction expenditure for capital works passes to the new owner. A new owner should confirm that the building was constructed during one of the appropriate periods outlined in Table 1. To be able to claim the deduction, the new owner must continue to use the building to produce income.

    Last modified: 04 Dec 2005QC 27452