Michael-QS replied to the topic Tax – Depreciation Clarification in the forum Thanks Jamie, 11 years, 10 months ago
Thanks Jamie,
Happy to provide whatever assistance I can
Michael
Michael-QS replied to the topic Tax – Depreciation Clarification in the forum Legal & Accounting 11 years, 10 months ago
Hi Paul,
that's right, you can only claim for the period of ownership in the year that the work was done – having said that, items under $300 can be claimed at 100% and items under $1,000 can be claimed at 18.75% in the first year (37.5%) in subsequent years. So the first year of claim has some accelerated items making it normally quite a good…[Read more]