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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-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  

 ITAA 36
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 .

 



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