Thanks Christopher,

I guess that this is the essence of the problem, the Australian and NZ tax systems seem very similiar except for depreciation. In my case it seems that all this wonderful depreciation I’ve just claimed in NZ will have to be handed back when I lodge my return in Australia.

This leads to my next question. Is it not better to…[Read more]

Hi Masteraccountants,

What does “adjust the depreciation to comply with the Australian tax rules on capital allowances” mean? This is certainly my quandry. NZ as we know has great depereciation rules, what I can’t understand is how this is meant to translate back to Australia.

Cheers
Scally.