Income Tax Assessment Act 1997
SECTION 43-125 Lessees' or right holders' pools can revert to owner 43-125(1)
An amount that relates to a * pool of construction expenditure that arises as a result of expenditure incurred by a lessee or a holder of a * quasi-ownership right over land:
(a) can only be deducted by a lessee or a holder of a quasi-ownership right over land who satisfies subsection 43-120(1) or (2); and
(b) cannot be deducted by the owner of the capital works while there is a lessee or a holder of a quasi-ownership right over land who satisfies that subsection.
43-125(2)
The owner of the capital works may deduct an amount that relates to that pool if there is no longer a lessee or a holder of a * quasi-ownership right over land who satisfies subsection 43-120(1) or (2).
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