Private ruling: Capital works deductions
Published: February 2014

Ruling: The Commissioner was asked to rule on the following question: | As a result of the entering into the assignment deed during the 2011 year, is the trust entitled to claim deductions pursuant to Division 43 of the Income Tax Assessment Act 1997 (ITAA 1997) in respect of construction expenditure on the facility capital works incurred after 26 February 1992 by the company? | The Commissioner ruled: | Yes. As a result of the entering into the assignment deed during the 2011 year, the trust is entitled to claim deductions pursuant to Division 43 of the Income Tax Assessment Act 1997 (ITAA 1997) in respect of construction expenditure on the facility capital works incurred after 26 February 1992 by the company.