Posts Tagged ‘plant and equipment’
Analysis of the Budget Changes to Tax Depreciation on Plant and Equipment
UPDATED 11/5/2017 If you’re not already aware, last night’s budget announced some major changes to tax depreciation that will have a huge impact on quantity surveyors preparing depreciation schedules and residential property investors. I’ve been fielding calls and emails from accountants, investors and quantity surveying firm directors through the evening. There are two main ‘buckets’…
Read MoreChanges to Depreciation Deductions for Plant & Equipment Items
The budget is only two hours old and I’m back in the office trying to come to terms with some pretty fundamental changes. To cut a long story short, from now on, property investors will only be able to claim depreciation deductions on plant and equipment items if they either; a) purchased the asset directly…
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