INCOME TAX ASSESSMENT ACT 1997

CHAPTER 2 - LIABILITY RULES OF GENERAL APPLICATION  

PART 2-10 - CAPITAL ALLOWANCES: RULES ABOUT DEDUCTIBILITY OF CAPITAL EXPENDITURE  

Division 43 - Deductions for capital works  

Subdivision 43-G - Undeducted construction expenditure  

Operative provisions

SECTION 43-230   Calculating undeducted construction expenditure - common step  

43-230(1)  
Identify the date when the capital works began.

43-230(2)  
If you are calculating a deduction under Subdivision 43-F, identify the period ( use period ) that:


(a) started when *your area, or a part of it, was first used by any entity for any purpose after completion of the relevant construction; and


(b) ended at the end of the preceding income year or, if you acquired your area during the income year, at the end of the day before the time of the acquisition.

43-230(3)  
If you are calculating a deduction under Subdivision 43-H, identify the period ( use period ) that started at the time described in paragraph (2)(a) and ended at the time of the destruction.


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