Income Tax Assessment Act 1997
SECTION 43-25 Rate of deduction 43-25(1)
For capital works begun after 26 February 1992, there is a basic entitlement to a rate of 2.5% for parts used as described in Table 43-140 (Current year use). The rate increases to 4% for parts used as described in Table 43-145 (Use in the 4% manner).
43-25(2)
For capital works begun before 27 February 1992 and used as described in Table 43-140, the rate is:
(a) 4% if the capital works were begun after 21 August 1984 and before 16 September 1987; or
(b) 2.5% in any other case.
Note:
Section 43-80 explains when capital works begin.
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