sec.284Site improvement deductions for existing site improvements

### sec.284 Site improvement deductions for existing site improvements An owner of land may, as part of the objection process, make a deduction application for site improvements the owner paid for before the commencement. However, if the deduction application is granted, the 12-year period under section 43(2)(b)(i) is changed to the part of that period that has not expired. Subsection (2) does not otherwise limit sections 43 and 44. A paid for site improvements to A’s land done before the commencement. The land is a single lot. A is granted a site improvement deduction for the improvements and continues to own the land at all relevant times. Seven years have passed since the payment. A is entitled to a site improvement deduction for the next 5 years. (sec.284-ssec.1) An owner of land may, as part of the objection process, make a deduction application for site improvements the owner paid for before the commencement. (sec.284-ssec.2) However, if the deduction application is granted, the 12-year period under section 43(2)(b)(i) is changed to the part of that period that has not expired. (sec.284-ssec.3) Subsection (2) does not otherwise limit sections 43 and 44. A paid for site improvements to A’s land done before the commencement. The land is a single lot. A is granted a site improvement deduction for the improvements and continues to own the land at all relevant times. Seven years have passed since the payment. A is entitled to a site improvement deduction for the next 5 years.