Topic 2 - Division 43

The amount you can deduct is a proportion of your

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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 construction expenditure.” expenditure.” 4. s.43-20 (2): structural improvements 5 2. 4.0 • • • Example: Example: 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 entitled...
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This document was uploaded on 09/04/2013.

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