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-H - Balancing deduction on destruction of capital works  

Operative provisions

SECTION 43-260  

43-260   Apportioning amounts received for destruction  
If an amount received or receivable in respect of the destruction of property relates to both the part of ^* your area for which you are claiming the balancing deduction and to property:

(a) the cost of which did not form part of ^* your construction expenditure; or

(b) that is capital works that was not part of your area;

you must apportion the amount received or receivable to the amount that is attributable to the part of your area that was destroyed. The apportionment must be reasonable.