Vacant land deductions.

The article shares tax tips on vacant land deductions under the Income Tax Assessment Act 1997 in Australia. Topics discussed include denial of deduction for losses or outgoings relating to holding land on which there is no permanent structure in use or available for use, capital gains tax implications of vacant land deductions, entities affected by vacant land deductions, business exclusion, primary production exclusion, and interest incurred after land is sold or business activity has ceased.