• Table 2

    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

    Date construction started

    Rate of deduction per income year

    Before 19 August 1979

    nil

    19 August 1979 to 21 August 1984

    2.5%

    22 August 1984 to 15 September 1987

    4%

    After 15 September 1987

    2.5%

    Note

    For buildings used to provide short-term accommodation for travellers that commenced construction after 26 February 1992, the rate of deduction was again increased to 4%.

    The deduction can be claimed for 25 years from the date construction was completed in the case of a 4 per cent deduction, and 40 years from the date construction was completed in the case of a 2.5 per cent deduction. If the construction was completed part of the way through the income year, you can only claim a deduction for that part.

    Examples of structural improvements include sealed driveways, retaining walls and fences.

    Last modified: 18 Jul 2008QC 16578