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-E
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Special rules about uses
Operative provisions
SECTION 43-160 43-160 Your area is used for a purpose if it is maintained ready for use for the purpose
A part of * your area is taken to be used, for use or available for use for a particular purpose or in a particular manner at a time if, at that time:
(a) it was maintained ready for use for that purpose or in that manner; and
(b) it was not used or for use for any other purpose or in any other manner; and
(c) its use or intended use for that purpose or in that manner had not been abandoned.
SECTION 43-160 43-160 Your area is used for a purpose if it is maintained ready for use for the purpose
A part of * your area is taken to be used, for use or available for use for a particular purpose or in a particular manner at a time if, at that time:
(a) it was maintained ready for use for that purpose or in that manner; and
(b) it was not used or for use for any other purpose or in any other manner; and
(c) its use or intended use for that purpose or in that manner had not been abandoned.
Note 1:
Construction must be complete before you can deduct an amount, see section 43-30 .
Note 2:
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