85. Buildings, structures and land.

Expenditure on the provision of plant or machinery1 does not include any expenditure on:

  1.  

    (1)     the construction, acquisition or other provision of a building2;

  2.  

    (2)     the construction, acquisition or other provision of certain structures or other assets3;

  3.  

    (3)     any works involving the alteration of land4; or

  4.  

    (4)     the acquisition of an interest in land5.

Heads (1) to (3) above do not apply to expenditure to which other specified provisions apply6.

If a person carrying on a qualifying activity