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Establishing the deduction base

Last updated 12 February 2019

You can deduct expenditure for the construction of capital works if there is a construction expenditure area for the capital works.

Whether there is such an area and how it is identified depends on:

  • the type of expenditure incurred
  • the time the capital works started
  • the area of the capital works to be owned, leased or held by the entity that incurred the expenditure
  • for capital works begun before 1 July 1997, the area of the capital works that was to be used in a particular manner, see section 43-90 of the ITAA 1997.

QC25835