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Blog categorized as Taxation

Depreciation for tax purpose
You can’t claim an immediate tax deduction on capital assets such as a car, plant and equipment, property, etc. Instead, you need to write off the cost over a period of time. This tax-deductible write-off is called depreciation.
Delta Team
10.12.2020 17:52 - Comment(s)
Part IVA: General Anti-Avoidance Provisions
The general anti-avoidance rules contained in Part IVA of the Income Tax Assessment Act 1936. It can deny a taxpayer the tax benefit of a scheme they have entered into.
Delta Team
15.06.2019 19:22 - Comment(s)