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Edited version of administratively binding advice
Authorisation Number: 1012582312978
Advice
Subject: Capital Allowances and Capital Works
In order to protect the privacy and commercial in-confidence components of this administratively binding advice the following summary is provided.
The parties to the transaction entered into an arrangement whereby depreciating assets and capital works were leased.
The Commissioner advised that:
· Certain depreciating assets are held by the taxpayer; and
· Deductions under Division 43 of the Income Tax Assessment Act 1997 can be claimed by the taxpayer in relation to certain capital works.