Income Tax Assessment Act 1997
CHAPTER 2
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LIABILITY RULES OF GENERAL APPLICATION
PART 2-10
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CAPITAL ALLOWANCES: RULES ABOUT DEDUCTIBILITY OF CAPITAL EXPENDITURE
Division 43
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Deductions for capital works
Subdivision 43-H
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Balancing deduction on destruction of capital works
Operative provisions
SECTION 43-255 43-255 Amounts received or receivable
The amounts you have received or have a right to receive for the destruction of that part of * your area include:
(a) an amount received under an insurance policy or otherwise for the destruction of that part; and
(b) an amount received for disposing of property that was included in that part of your area, less any demolition expenditure incurred on the property.
SECTION 43-255 43-255 Amounts received or receivable
The amounts you have received or have a right to receive for the destruction of that part of * your area include:
(a) an amount received under an insurance policy or otherwise for the destruction of that part; and
(b) an amount received for disposing of property that was included in that part of your area, less any demolition expenditure incurred on the property.
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