A T O home
Legal Database
Search   
for 
 
Access the database 
Browse database
Searches  
View last document
Quick access 
View legislation
View a document
Email Cross Reference Material Previous/Next Section Contents Previous/Next Result
Printable version
Printable
version

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-G - Undeducted construction expenditure  

Operative provisions

SECTION 43-230  Calculating undeducted construction expenditure - common step  

 ITAA 36

43-230(1)  

Identify the date when the capital works began.

Note 1:

The date determines whether your calculation is to be made under section 43-235 (for post-26/2/92 expenditure) or 43-240 (for pre-27/2/92 expenditure).

Note 2:

Section 43-80 explains when capital works begin.

43-230(2)  

If you are calculating a deduction under Subdivision 43-F , identify the period ( use period ) that:


(a) started when * your area, or a part of it, was first used by any entity for any purpose after completion of the relevant construction; and


(b) ended at the end of the preceding income year or, if you acquired your area during the income year, at the end of the day before the time of the acquisition.

43-230(3)  

If you are calculating a deduction under Subdivision 43-H , identify the period ( use period ) that started at the time described in paragraph (2)(a) and ended at the time of the destruction.

 



This information is provided by CCH Australia Limited. View the disclaimer and notice of copyright.
Top of page
More information on page