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  1. coastymike

    Depreciation claimed and selling IP

    Alex Hit the nail on the head. That is EXACTLY what the ATO will do in an audit. Look at the QS schedule.
  2. coastymike

    Depreciation claimed and selling IP

    This calc is done incorrectly by accountants many times. Division 43 capital allowances claimed will increase the capital gain. Division 40 I.e. depreciation allowances arent deducted BUT they have a similar effect. Why ? Your sale price and purchase price MUST be apportioned between...
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