Document ID: chunk:federal_register_of_legislation:C2025C00029:section:4:p3
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 4 (pt 3/4)
Character Range: 2010122–2012681

this section can include giving property: see section 103‑5.)
Note: For the cost base of a partnership interest you acquire at or before that time, see section 110‑43.
 (2) Expenditure does not form part of the second or third element of the cost base to the extent that you have deducted or can deduct it.
 (3) Expenditure does not form part of any element of the cost base to the extent of any amount you have received as *recoupment of it, except so far as the amount is included in your assessable income.
 (4) Subsection (2) does not apply in relation to amounts that you have deducted or can deduct under Division 243.

110‑43  Partnership interests acquired before 7.30 pm on 13 May 1997
 (1) This section prevents some expenditure from forming part of one or more elements of the *cost base of your interest in a *CGT asset of a partnership if you *acquired the interest at or before 7.30 pm, by legal time in the Australian Capital Territory, on 13 May 1997. (The expenditure mentioned in this section can include giving property: see section 103‑5.)
 (2) 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.
 (3) Expenditure does not form part of any element of the cost base to the extent of any amount that you, or a partnership in which you are or were a partner, have received as *recoupment of the expenditure, except so far as the amount is included in your assessable income or the partnership's assessable income.
 (4) Subsection (2) does not apply in relation to amounts that you have deducted or can deduct under Division 243.

110‑45  Assets acquired after 7.30 pm on 13 May 1997
 (1) This section prevents some expenditure from forming part of the *cost base, or of an element of the cost base, of a *CGT asset *acquired after 7.30 pm, by legal time in the Australian Capital Territory, on 13 May 1997. (The expenditure mentioned in this section can include giving property: see section 103‑5.)
For the cost base of interests in partnership assets acquired after that time, see section 110‑50.
For exceptions to the application of this section, see section 110‑53.
 (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