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Unformatted text preview: The amount you can deduct is a proportion
of your construction expenditure. However
it cannot exceed your undeducted
expenditure.” 4. s.43-20 (2): structural improvements 5 2. 4.0 • •
If construction on a building commenced in
November 1987, pursuant to a contract
entered into in October 1987, the 2.5% applies
Assume this building cost $5 million and was
completed and first used for income producing
purposes on 1 September 1998.
What is the deduction to which the owner is
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This document was uploaded on 09/04/2013.
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