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Depreciation rates to increase by 25%.

Publication date: 18 May 06 | Source: CCH TAX WEEK

Issue: Issue 19 2006

Pages: pp. 1-5

The Government proposes to increase tax depreciation rates by 25%. However, only "eligible assets acquired on or after 10 May 2006" will be entitled to the increase.

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Author profile

Hayden Scott FTI
Hayden, FTI, is a Partner at PwC in their Tax & Legal practice. He has over twenty years of experience in the tax environments of the Big 4, top-tier law firms, and Government (both Treasury and ATO). Hayden extensively advises clients in the financial services and infrastructure industries, as well as extensively advising outside those industries on finance tax matters. Additionally, Hayden is a contributor to the broader tax policy and reform conversation, having been a member of the (now defunct) National Tax Liaison Group Finance and Investment Subcommittee, and, more recently, an expert panellist on the Board of Taxation’s review of the debt-equity rules. - Current at 17 March 2016
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