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Hi Jonathon, You cannot elect to ignore Div 43. The cost base will be reduced by these amounts even if not claimed. Then you are only able to amend the last few years assessments subject to your 2 or 4 year limit to retrospectively claim. There is nothing like the discretion given to...

You cannot merely elect to ignore Div 43. The Practice statement allows rare circumstances where it is unreasonable to obtain the information. You buy from a builder or a previous IP owner then they are LEGALLY required to provide you with this information and you are LEGALLY required to...

You subtract Div 43 building allowances whether claimed or not. You get a benefit of a partial deduction today, whilst it is clawed back after perhaps a CGT discount way in the future. So you have both a time value and a discount. Cheers, Rob