Private ruling: Capital Allowances and Capital Works
Published: January 2014

Ruling: In order to protect the privacy and commercial in-confidence components of this administratively binding advice the following summary is provided. | The parties to the transaction entered into an arrangement whereby depreciating assets and capital works were leased. | The Commissioner advised that: | · Certain depreciating assets are held by the taxpayer; and | · Deductions under Division 43 of the Income Tax Assessment Act 1997 can be claimed by the taxpayer in relation to certain capital works.