Commonwealth Consolidated Acts

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INCOME TAX ASSESSMENT ACT 1997 - SECT 43.245

What this Subdivision is about

You may deduct an amount for the undeducted construction expenditure for your area if your area or part of it is destroyed in the circumstances described in section   43 - 40.

This Subdivision shows you how to work out that deduction.

The calculations in this Subdivision are made separately for each part of the capital works that is identified as your area.

Table of sections

Operative provisions

43 - 250   The amount of the balancing deduction

43 - 255   Amounts received or receivable

43 - 260   Apportioning amounts received for destruction


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