Income Tax Assessment Act 1997
SECTION 43-120 Your area and your construction expenditure - lessees and quasi-ownership right holders
Own expenditure
43-120(1)
Your area is the part of the * construction expenditure area that you lease, or hold under a * quasi-ownership right over land granted by an * exempt Australian government agency or an * exempt foreign government agency, and that:
(a) is attributable to a * pool of construction expenditure that you incurred; and
(b) you have continuously leased or held since the construction was completed.
Earlier lessees' or holders' expenditure
43-120(2)
Your area is the part of the * construction expenditure area that you lease, or hold under a * quasi-ownership right over land granted by an * exempt Australian government agency or an * exempt foreign government agency, and that:
(a) is attributable to a * pool of construction expenditure incurred by another lessee or holder of a quasi-ownership right over land; and
(b) has been continuously leased or held since the construction was completed by the lessee or holder who incurred the expenditure or an assignee of that lessee's lease or that holder's quasi-ownership right over land.
43-120(3)
Your construction expenditure is the portion of the * pool of construction expenditure that is attributable to your area.
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