Document ID: chunk:federal_register_of_legislation:C2025C00029:section:3:p43
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 3 (pt 43/54)
Character Range: 1196131–1198888

build to rent development area; and
 (b) on a day (the cessation day) in the income year or a prior income year, the *active build to rent development of the active build to rent development area *ceases to be an active build to rent development.
 (2) Section 43‑235 applies to the part as if for each day in the use period:
 (a) before the cessation day; and
 (b) that the part was an *active build to rent development;
you did not use the part in the *4% manner.

43‑240  Pre‑27 February 1992 undeducted construction expenditure
  Step 1  Calculate for each day in the use period the amount worked out using the formula:
where:
your CE is *your construction expenditure.
applicable rate is:
 (a) 0.04 if the capital works began after 21 August 1984 and before 16 September 1987; or
 (b) 0.025 in any other case.
Note: For the purpose of working out the applicable rate, capital works begun after 15 September 1987 are taken to have begun before 16 September 1987 in certain circumstances. See section 43‑220.
  Step 2  Deduct the sum of the amounts calculated under Step 1 from *your construction expenditure. The result is the undeducted construction expenditure for *your area.

Subdivision 43‑H—Balancing deduction on destruction of capital works

Guide to Subdivision 43‑H

43‑245  What this Subdivision is about

      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

Operative provisions

43‑250  The amount of the balancing deduction

      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