(1) The amount you can deduct is a portion of * your construction expenditure. However, it cannot exceed the amount of * undeducted construction expenditure for * your area.
Note: The limit in this subsection has 2 effects:
• It ensures that not more than 100% of your construction expenditure can be deducted.
• It imposes a time limit on the period over which your construction expenditure can be deducted. For capital works begun before 27 February 1992, that period will be 25 years if the rate of deduction is 4% or 40 years if the rate is 2.5%. For other capital works, the period will be 25 years or 40 years or some period between 25 and 40 years depending on their use.
(2) Your deduction is calculated under section 43- 210 or 43- 215.