For each of the following resident individual taxpayers, calculate the amountthattheywouldbeabletoclaimasadeductionunderDivision 43 for the 2021/22 tax year.

( a )Colinpaid$300,000forablockoflandand$200,000in constructioncostsfor a house. Constructionis completedon 1 July 2021 and the propertyis availableforlease immediately.

1. Winnie paid $14O,OOO for extensions to her holiday house. The extensions are completed on 1 July 2021. Winnie does not make the property available for lease.
2. On28February2022,Lenpaid$3,000foraconcretedrivewayand

$2,000forlandscapingonhisrentalproperty.

1. Greg purchased an investment property which he intends to rent totenants. He purchased the propertyon 1 May 2022 for $580,000 andwasprovidedwithrecordswhichshowthatthebuildingwas constructedin 1999atacostof$215,000.