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  1. H

    Capital works deduction and destruction

    If a significant item is scrapped then for a small tax deductible fee the taxpayer can ask the QS to itemise/estimate that scrapped item. i have applied this once. But was easier in the sense it was done within same tax year so no additional fee was paid. After first tenancy, and while the...
  2. H

    Capital works deduction and destruction

    There has been a few discussions on this but mainly for specific circumstances. We usually get caught into what is repair vs capital in the discussions, but not talk as much regarding the deduction for old asset being removed. Building depreciation is covered under Division 43 of the tax act...
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