Income Tax Assessment Act 1997
You can deduct an amount for capital works for an income year. 43-10(2)
You can only deduct the amount if:
(a) the capital works have a * construction expenditure area; and
(b) there is a * pool of construction expenditure for that area; and
(c) you use * your area in the income year in the way set out in Table 43-140 (Current year use).
The deduction is limited to capital works to which this Division applies, see section 43-20 .
Amongst other things, the definition of your area ensures that only owners and certain lessees of capital works, and certain holders of quasi-ownership rights over land on which capital works are constructed, can deduct an amount under this Division.