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-D - Deductible uses of capital works

Build to rent developments

SECTION 43-151 Meaning of active build to rent development area

43-151(1)
An active build to rent development area is a part of a building comprising any of the following:

(a) the *dwellings of an *active build to rent development;

(b) any *common areas for those dwellings.

43-151(2)
An active build to rent development is a *build to rent development that has:

(a) *commenced to be an active build to rent development (see subsections 43-152(1) and (2) ); and

(b) not *ceased to be an active build to rent development (see subsection 43-152(4) ).

43-151(3)
A common area for *dwellings of a *build to rent development is an area, facility or amenity:

(a) intended for use for the purposes of those dwellings; or

(b) intended for use for the purposes of those dwellings and any other dwellings in the same building.