Search results

  1. D

    art paintings in IP: Depreciable?

    Yes, there aren't alot of guidelines for the Temporary Investment Allowance. For businesses with a turnover less that $2m, it's 50%. So it needs to be a company making the purchase. It needs to be a Depreciating Asset. Needs to cost more than $1,000. Needs to be new. Theoretically, a...
  2. D

    art paintings in IP: Depreciable?

    It's an odd thing that incentive for businesses to purchase Assets. Runs out in December from memory. There would be lots people buying cars.
  3. D

    art paintings in IP: Depreciable?

    They're not a set so if they're each under $300 your accountant will write them off.
  4. D

    art paintings in IP: Depreciable?

    As Leikela says, artwork has an effective life of 100 years, so the depreciation is pretty slow. But what sort of 'artwork' are we talking about? Are they the prints you typically find in serviced apartments? If they're under $300 you would write them off. If they're between $300 and...
Back
Top