Income Tax Assessment Act 1997
CHAPTER 2
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LIABILITY RULES OF GENERAL APPLICATION
PART 2-10
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CAPITAL ALLOWANCES: RULES ABOUT DEDUCTIBILITY OF CAPITAL EXPENDITURE
Division 43
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Deductions for capital works
Subdivision 43-A
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Key operative provisions
Operative provisions
SECTION 43-30
43-30
No deduction until construction is complete
You cannot deduct an amount for any period before the completion of construction of the capital works even though you used them, or part of them, before completion.
You cannot deduct an amount for any period before the completion of construction of the capital works even though you used them, or part of them, before completion.
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