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Michael-QS

  • 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]

Michael-QS

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