The undeducted construction expenditure for your area is the part of your construction expenditure that remains to write off. It is used to work out:
- the number of years in which the fund can deduct amounts for construction expenditure
- the amount that the fund can deduct under section 43-40 of the ITAA 1997 if your area or a part of it is destroyed.
The methods for calculating undeducted construction expenditure are included in sections 43-230, 43-235 and 43-240 of the ITAA 1997.