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Edited version of your written advice
Authorisation Number: 1013016995680
Date of advice: 18 May 2016
Ruling
Subject: Capital works deduction
In order to protect the privacy and commercial in-confidence components of this private binding ruling the following question and answer is provided.
Question
Are you entitled to a capital works deduction under Division 43 of the Income Tax Assessment Act 1997 (ITAA 1997) for the business use portion of your property?
Answer
Yes.
Relevant legislative provisions
Income Tax Assessment Act 1997 Division 43
Income Tax Assessment Act 1997 Section 43-10
Income Tax Assessment Act 1997 Section 43-140
Income Tax Assessment Act 1997 Subsection 43-170(3)
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