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-H
-
Balancing deduction on destruction of capital works
SECTION 43-245
What this Subdivision is about
You may deduct an amount for the undeducted construction expenditure for your area if your area or part of it is destroyed in the circumstances described in section 43-40 .
This Subdivision shows you how to work out that deduction.
The calculations in this Subdivision are made separately for each part of the capital works that is identified as your area.
This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.