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 43-237   Post-26 February 1992 undeducted construction expenditure - modification for active build to rent developments that have ceased  

43-237(1)    
This section applies if:

(a)    a part of * your area was an * active build to rent development area; and

(b)    on a day (the cessation day ) in the income year or a prior income year, the * active build to rent development of the active build to rent development area * ceases to be an active build to rent development.

43-237(2)    
Section 43-235 applies to the part as if for each day in the use period:

(a)    before the cessation day; and

(b)    that the part was an * active build to rent development;

you did not use the part in the * 4 % manner.