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-H - Balancing deduction on destruction of capital works  

Operative provisions

SECTION 43-255   43-255   Amounts received or receivable  


The amounts you have received or have a right to receive for the destruction of that part of * your area include:


(a) an amount received under an insurance policy or otherwise for the destruction of that part; and


(b) an amount received for disposing of property that was included in that part of your area, less any demolition expenditure incurred on the property.


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