Commonwealth Numbered Acts

INCOME TAX ASSESSMENT ACT 1997 No. 38 of 1997 - SECT 43.245

You may deduct an amount for the undeducted construction expenditure for your
area if your area or part of it is destroyed in the circumstances described in
section 43-40.

This Subdivision shows you how to work out that deduction.

The calculations in this Subdivision are made separately for each part of the
capital works that is identified as your area.

Table of sections Operative provisions
43-250    The amount of the balancing deduction

43-255    Amounts received or receivable

43-260    Apportioning amounts received for destruction