Commonwealth Consolidated Acts

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INCOME TAX ASSESSMENT ACT 1997 - SECT 43.160

Your area is used for a purpose if it is maintained ready for use for the purpose

    A part of * your area is taken to be used, for use or available for use for a particular purpose or in a particular manner at a time if, at that time:

  (a)   it was maintained ready for use for that purpose or in that manner; and

  (b)   it was not used or for use for any other purpose or in any other manner; and

  (c)   its use or intended use for that purpose or in that manner had not been abandoned.

Note 1:   Construction must be complete before you can deduct an amount, see section   43 - 30.

Note 2:   This section affects Tables 43 - 140 and 43 - 145.


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