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I understand the difference between them, I am looking for info on the workins of them in a CGT event.... I know people who own IP and business and just give all there paperwork etc.. to an Accountant and end up with huge bills , I know all accountants are not like this ... but I would never...

thanks for your reply I have had the IP for 3 years and have now sold so I am setting about working out my CG or lost I have looked on the ATO site and cannot work out from my QS report which figuers i should be using . Martin

G'day We have sold one of our IP's and i need to know how i go about sorting the deprecation adjustment. thanks Martin