Published on 05 Jun 04
by QUEENSLAND DIVISION, THE TAX INSTITUTE
The property industry continues to be a significant part of the engine room of the Australian economy. Whether the boom will end and indeed, when it may end is a matter of some conjecture. However, whether or not the current boom continues or slows, there are many income tax issues that require monitoring and attention, going forward. The focus of this paper is on available capital allowances:
- composite assets - where to apply Div. 40 and 43
- maximising the allowances - plant and effective life limitations
- leasehold interests, the holder rules, and deductions when tenants exit premises.
Current at 15 July 2009
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