Hi all
I have claimed depreciation on my IP since purchase and I thought I remember reading that when selling an IP that you have claimed depreciation on, the amount claimed for depreciation needs to be paid back at sale time??
Did I make this up? Clarification please!
About to see my accountant as we start the selling process, I just thought I would see what comments the brainstrust came back with
Cheers,
I have claimed depreciation on my IP since purchase and I thought I remember reading that when selling an IP that you have claimed depreciation on, the amount claimed for depreciation needs to be paid back at sale time??
Did I make this up? Clarification please!
About to see my accountant as we start the selling process, I just thought I would see what comments the brainstrust came back with
Cheers,