INCOME TAX ASSESSMENT ACT 1997 - SECT 43.25 Rate of deduction

INCOME TAX ASSESSMENT ACT 1997 - SECT 43.25

  (1)   For capital works begun after 26   February 1992, there is a basic entitlement to a rate of 2.5% for parts used as described in Table 43 - 140 (Current year use). The rate increases to 4% for parts used as described in Table 43 - 145 (Use in the 4% manner).

  (2)   For capital works begun before 27   February 1992 and used as described in Table 43 - 140, the rate is:

  (a)   4% if the capital works were begun after 21   August 1984 and before 16   September 1987; or

  (b)   2.5% in any other case.

Note:   Section   43 - 80 explains when capital works begin.