Document ID: chunk:federal_register_of_legislation:C2010C00608:clause:4_22
Version: federal_register_of_legislation:C2010C00608
Segment Type: clause
Provision Reference: sch 4 cl 22
Character Range: 8442–9036

22  After subsection 110‑50(1)
Insert:

 (1A) This section also applies to expenditure incurred after 30 June 1999 on land or a building if:
 (a) the land or building was *acquired at or before the time mentioned in subsection (1); and
 (b) the expenditure forms part of the fourth element of the *cost base of the land or building.

Deductible expenditure excluded from second and third elements

 (1B) Expenditure does not form part of the second or third element of the cost base to the extent that you, or a partnership in which you are or were a partner, have deducted or can deduct it.