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the other thing that is counter cyclical is antiques. Anyone know much about this market? apparently they are a bargain and trading around 10% of what they were 10+ years ago?? mighty fine office furniture! or fit out for hotel / short let businesses

sure, publically displayed, then sold off at book value at some point in the future, or if fully written off then just scrap it

I am thinking of assets that don't depreciate, art and antiques. classic cars (cheap ones!)

so if you are a developer it's just part of your WIP anyway

are you running a business or are you a passive investor?

actually this works better if the asset being replaced is worth half (i.e. effective tax rate 50% in your own hands) of what you buy. the formula could be existing asset / (1 - your tax rate) = what you should pay for a new asset to a maximum of $20k + GST that needs modification tho as...

ha! surely no real accountant thought that was a good idea?? they should be struck off for stupidity if they did

The sentiment that you shouldn't spend to save tax is true, however this is an incredible incentive for small business where you are looking to replace something that you already have e.g. a $6k car,sell it at book value, replace with a $20k car