Commonwealth Consolidated Acts

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INCOME TAX ASSESSMENT ACT 1997 - SECT 43.65

Explanatory material

    Expenditure in respect of the construction of capital works is only eligible for a deduction under this Division if there is a construction expenditure area for the capital works. The area defined as the construction expenditure area may comprise the whole of the capital works or only part of them.

    Whether there is a construction expenditure area for capital works and how it is identified depends on the following factors:

    A pool of construction expenditure is that part of an amount of construction expenditure that is attributable to a particular construction expenditure area.


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