Commonwealth of Australia Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 43.25

             (1)  For capital works begun after 26 February 1992, there is a basic entitlement to a rate of 2.5% for parts used as described in Table 43-140 (Current year use). The rate increases to 4% for parts used as described in Table 43-145 (Use in the 4% manner).

             (2)  For capital works begun before 27 February 1992 and used as described in Table 43-140, the rate is:

                     (a)  4% if the capital works were begun after 21 August 1984 and before 16 September 1987; or

                     (b)  2.5% in any other case.

Note:          Section 43-80 explains when capital works begin.