sec.44Amount of site improvement deduction

### sec.44 Amount of site improvement deduction The amount of the site improvement deduction for a valuation to which it applies is the added value of the site improvements on the valuation day. However, the added value can not— be more than the actual cost on the valuation day of carrying out the works for the site improvements; or include— interest or professional costs; or costs relating to obtaining a development approval or other approval for the works. Under chapter 3 , the owner’s right to object to a valuation to which the site improvement deduction applies includes a right to object to the decision on a deduction application concerning the land—see section 113 (Required content of objections). Also, if part of the site improvement deduction is lost under section 43 , the added value is reduced proportionately to the change in the land’s area. (sec.44-ssec.1) The amount of the site improvement deduction for a valuation to which it applies is the added value of the site improvements on the valuation day. (sec.44-ssec.2) However, the added value can not— be more than the actual cost on the valuation day of carrying out the works for the site improvements; or include— interest or professional costs; or costs relating to obtaining a development approval or other approval for the works. Under chapter 3 , the owner’s right to object to a valuation to which the site improvement deduction applies includes a right to object to the decision on a deduction application concerning the land—see section 113 (Required content of objections). (sec.44-ssec.3) Also, if part of the site improvement deduction is lost under section 43 , the added value is reduced proportionately to the change in the land’s area. - (a) be more than the actual cost on the valuation day of carrying out the works for the site improvements; or - (b) include— (i) interest or professional costs; or (ii) costs relating to obtaining a development approval or other approval for the works. - (i) interest or professional costs; or - (ii) costs relating to obtaining a development approval or other approval for the works. - (i) interest or professional costs; or - (ii) costs relating to obtaining a development approval or other approval for the works.