sec.43Valuations to which site improvement deduction applies

### sec.43 Valuations to which site improvement deduction applies This section applies if a person who is an owner of land is granted a site improvement deduction for the land. The amount of the deduction provided for under section 44 must be deducted from— the relevant valuation; and subsequent valuations for the land until the earlier of the following happens— the next annual valuation after the end of 12 years from when all of the costs for the improvements were paid; the person ceases to be the owner of all of the land other than because of an event mentioned in section 40 . Also, if the person ceases to be the owner of a part of the land, the amount of the deduction is lost for that part from when a maintenance valuation is made for the cessation. In this section, a reference to cessation of ownership includes cessation because of a compulsory acquisition of the land. In this section— relevant valuation means— if the deduction application was made as an objection ground—the valuation objected to; or otherwise—the valuation for which a valuation notice is next to be given to the owner. (sec.43-ssec.1) This section applies if a person who is an owner of land is granted a site improvement deduction for the land. (sec.43-ssec.2) The amount of the deduction provided for under section 44 must be deducted from— the relevant valuation; and subsequent valuations for the land until the earlier of the following happens— the next annual valuation after the end of 12 years from when all of the costs for the improvements were paid; the person ceases to be the owner of all of the land other than because of an event mentioned in section 40 . (sec.43-ssec.3) Also, if the person ceases to be the owner of a part of the land, the amount of the deduction is lost for that part from when a maintenance valuation is made for the cessation. (sec.43-ssec.4) In this section, a reference to cessation of ownership includes cessation because of a compulsory acquisition of the land. (sec.43-ssec.5) In this section— relevant valuation means— if the deduction application was made as an objection ground—the valuation objected to; or otherwise—the valuation for which a valuation notice is next to be given to the owner. - (a) the relevant valuation; and - (b) subsequent valuations for the land until the earlier of the following happens— (i) the next annual valuation after the end of 12 years from when all of the costs for the improvements were paid; (ii) the person ceases to be the owner of all of the land other than because of an event mentioned in section 40 . - (i) the next annual valuation after the end of 12 years from when all of the costs for the improvements were paid; - (ii) the person ceases to be the owner of all of the land other than because of an event mentioned in section 40 . - (i) the next annual valuation after the end of 12 years from when all of the costs for the improvements were paid; - (ii) the person ceases to be the owner of all of the land other than because of an event mentioned in section 40 . - (a) if the deduction application was made as an objection ground—the valuation objected to; or - (b) otherwise—the valuation for which a valuation notice is next to be given to the owner.