Income Tax Assessment Act 1997



Division 43 - Deductions for capital works  

Subdivision 43-E - 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.

Note 1:

Construction must be complete before you can deduct an amount, see section 43-30 .

Note 2:

This section affects Tables 43-140 and 43-145 .


Disclaimer and notice of copyright applicable to materials provided by CCH Australia Limited

CCH Australia Limited ("CCH") believes that all information which it has provided in this site is accurate and reliable, but gives no warranty of accuracy or reliability of such information to the reader or any third party. The information provided by CCH is not legal or professional advice. To the extent permitted by law, no responsibility for damages or loss arising in any way out of or in connection with or incidental to any errors or omissions in any information provided is accepted by CCH or by persons involved in the preparation and provision of the information, whether arising from negligence or otherwise, from the use of or results obtained from information supplied by CCH.

The information provided by CCH includes history notes and other value-added features which are subject to CCH copyright. No CCH material may be copied, reproduced, republished, uploaded, posted, transmitted, or distributed in any way, except that you may download one copy for your personal use only, provided you keep intact all copyright and other proprietary notices. In particular, the reproduction of any part of the information for sale or incorporation in any product intended for sale is prohibited without CCH's prior consent.