Private ruling: Capital works deduction
Date of advice: 18 May 2016
Published: July 2016

Ruling: Q1: Are you entitled to a capital works deduction under Division 43 of the Income Tax Assessment Act 1997 (ITAA 1997) for the business use portion of your property? | A1: Yes.


Relevant legislative provisions: Income Tax Assessment Act 1997 Division 43 | Income Tax Assessment Act 1997 Section 43-10 | Income Tax Assessment Act 1997 Section 43-140 | Income Tax Assessment Act 1997 Subsection 43-170(3)


Subject: Capital works deduction: In order to protect the privacy and commercial in-confidence components of this private binding ruling the following question and answer is provided.