Income Tax Assessment Act 1997
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Hide history noteSECTION 44-20 Build to rent misuse amounts 44-20(1)
You have a build to rent misuse amount for an income year, equal to the amount worked under subsection (2) , if the amount worked out under that subsection is greater than nil.
44-20(2)
For the purposes of subsection (1) , the amount is the sum of: (a) the amount that is the sum of your *build to rent capital works deduction amounts, worked out under section 44-25 , for each *build to rent development to which subsection (3) of this section applies for the income year (if any); and (b) the amount that is 10 times the sum of your *build to rent withholding amounts, worked out under section 44-30 , for each build to rent development to which subsection (3) of this section applies for the income year (if any).
44-20(3)
For the purposes of paragraphs (2)(a) and (b) , this subsection applies to a *build to rent development for an income year if: (a) the build to rent development *ceases to be an *active build to rent development during the income year; and (b) you owned the *dwellings of the build to rent development immediately before that cessation.
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