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-G
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Undeducted construction expenditure
SECTION 43-225
What this Subdivision is about
•
the number of years in which you can deduct amounts for your construction expenditure; and
•
the amount that you can deduct under section
43-40
if your area or a part is destroyed.
The undeducted construction expenditure for your area is the part of your construction expenditure you have left to write off. It is used to work out:
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