Financial Performance 1 Expense Build To Rent Capital Works Deduction Amount The amount of deduction claimed for capital expenditure on only the build to rent developments that were active build to rent developments for the income year. Capital expenditure includes eligible capital expenditure on extensions, alterations or improvements that are used to produce assessable income. The amount of deduction claimed for capital expenditure on only the build to rent developments that were active build to rent developments for the income year. Capital expenditure includes eligible capital expenditure on extensions, alterations or improvements that are used to produce assessable income. Only eligible build to rent developments that an Owner has notified the Commissioner in the approved form of their Choice for the development to access the capital works can claim the depreciation at the 4% rate from the start of their compliance period. For developments that have notified, this deduction is only available if the development continues to meet the ongoing eligibility requirements or has had their eligibility reinstated by the exercise of the limited Commissioner's discretion. Expense Capital Works Deduction Amount The amount of deduction claimed for capital expenditure on special buildings, which includes eligible capital expenditure on extensions, alterations or improvements that are used to produce assessable income. Inform the relevant field with the amount of capital works deductions. The deduction claimed for capital expenditure on qualifying buildings and structural improvements, including eligible capital expenditure on extensions, alterations or improvements to either of these. Include your total build to rent developments capital works deductions here and for the build to rent development amount depreciated at 4%, also include that amount at Build to rent capital works deduction at 4%. Exclude capital expenditure for mining infrastructure buildings and timber milling buildings. Different deduction rates apply (2.5% or 4%) depending on the date on which construction began, the type of capital works and the manner of use. A deduction under Division 43 can be claimed for an income year only if it owns, leases or holds part of a construction expenditure area of capital works (?your area?), incurred the construction expenditure or is an assignee of the lessee or holder who incurred the expense, and uses ?your area? to produce assessable income or in some cases for carrying on R&D activities. A lessee or holder can claim a deduction in respect of an area leased or held under a quasi-ownership right. An amount for capital works in an income year can be deducted if the capital works have a ?construction expenditure area?, there is a ?pool of construction expenditure? for that area, and the area is used in the income year to produce assessable income or carry on research and development activities. No deduction until construction is complete. The deduction cannot exceed the undeducted construction expenditure for your area. Income Build To Rent Excluded From Non-Concessional Managed Investment Trust Amount This is the value, during the relevant period, for an amount of a fund payment that is referrable to an active build to rent development and attributable to the transitional provisions for Non-Concessional Managed Investment Trust Income (NCMI), which excludes an amount from being NCMI for Managed Investment Trust (MIT) cross staple arrangement income or MIT trading trust income or MIT agricultural income or MIT residential housing income. Income Excluded From Non Concessional Managed Investment Trust Amount This is the value, during the relevant period, for an amount of a fund payment that is attributable to the transitional provisions for Non-Concessional Managed Investment Trust Income (NCMI), which excludes an amount from being NCMI for Managed Investment Trust (MIT) cross staple arrangement income or MIT trading trust income or MIT agricultural income or MIT residential housing income. This could also be the amount that is attributable to an Approved Economic Infrastructure Facility Exception. This value does not include Build to rent excluded from NCMI. Income Medicare Levy Calculations Lump Sum Arrear Payment Exemption Amount This is the exempt amount that ensures low-income taxpayers do not pay higher amounts of Medicare levy as a result of receiving an eligible lump sum payment.