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of <h1>Taxpayer may elect full deduction of capital expenditure for prescribed businesses subject to use, transfer, and other conditions</h1> A taxpayer may elect to deduct in full capital expenditure wholly and exclusively incurred for specified businesses in the year incurred or, if capitalised before commencement, in the year operations start; eligible businesses and commencement dates are prescribed (e.g., cold chains, warehousing, pipelines, hotels, hospitals, certain housing, fertilizers, inland container depots, sugar storage, slurry pipelines, semiconductor fabs, infrastructure). Conditions disallow deductions for reconstructed or transferred-used assets, limit prior-used machinery, prohibit concurrent claims under specified other tax incentives, require assets to be used for the specified business for eight years, and treat prohibited non-use as taxable income (with limited exceptions).
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