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  • Requirement for deductibility



    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 can deduct an amount for capital works in an income year if:

    • the capital works have a 'construction expenditure area'
    • there is a 'pool of construction expenditure' for that area
    • the fund uses the area in the income year to produce assessable income.
    Last modified: 08 Jun 2012QC 25835