Method statement

Step 1.   Calculate the amount (if any) by which the * undeducted construction expenditure for the part of * your area that was destroyed exceeds the amounts you have received or have a right to receive for the destruction of that part.

Step 2.   Reduce the amount at Step 1 if one or more of these happened to that part of * your area:

  (a)   Step 2 or 4 in section   43 - 210, or Step 2 or 3 in section   43 - 215, applied to you or another person for it;

  (b)   you were, or another person was, not allowed a deduction for it under this Division;

  (c)   a deduction for it was not allowed or was reduced (for you or another person) under former Division   10C or 10D of Part   III of the Income Tax Assessment Act 1936 .

  The reduction under this step must be reasonable.