Income Tax Assessment Act 1997
SECTION 43-260 43-260 Apportioning amounts received for destruction
If an amount received or receivable in respect of the destruction of property relates to both the part of * your area for which you are claiming the balancing deduction and to property:
(a) the cost of which did not form part of * your construction expenditure; or
(b) that is capital works that was not part of your area;
you must apportion the amount received or receivable to the amount that is attributable to the part of your area that was destroyed. The apportionment must be reasonable.
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