Income Tax Assessment Act 1997
SECTION 43-185 Residential or display use 43-185(1)
A building, other than a * hotel building or an * apartment building, or an extension, alteration or improvement to such a building, begun after 19 July 1982 and before 18 July 1985 is taken not to be used for the * purpose of producing assessable income or exempt income if it is used or for use wholly or mainly for exhibition or display in connection with:
(a) the sale of all or part of any building; or
(b) the lease of all or part of any building for use wholly or mainly for or in association with residential accommodation.
Note:
Subsection (1) affects time period 2 in Table 43-90 and time period 3 in Table 43-140 .
43-185(2)
A building, other than a * hotel building or an * apartment building, begun after 19 July 1982 and before 18 July 1985 is taken not to be used for the * purpose of producing assessable income if it is used or available for use wholly or mainly for or in association with residential accommodation.
Note:
Subsection (2) affects time period 2 in Table 43-90 and time period 3 in Table 43-140 .
43-185(3)
A building, other than a * hotel building or an * apartment building, begun after 17 July 1985 and before 1 July 1997 is taken not to be used for the * purpose of producing assessable income if it is used or for use wholly or mainly for exhibition or display in connection with the sale of all or part of any building.
Note:
Subsection (3) affects time periods 2 and 3 in Table 43-140 .
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