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.