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 43-240   Pre-27 February 1992 undeducted construction expenditure  


Step 1

Calculate for each day in the use period the amount worked out using the formula:


Your CE × Applicable rate
365

where:

your CE is *your construction expenditure.

applicable rate is:

  • (a) 0.04 if the capital works began after 21 August 1984 and before 16 September 1987; or
  • (b) 0.025 in any other case.

  • Step 2

    Deduct the sum of the amounts calculated under Step 1 from *your construction expenditure. The result is the undeducted construction expenditure for *your area.


    View surrounding sectionsView surrounding sectionsBack to top


    This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.