This seminar paper discusses Black Hole expenditure. This expenditure is incurred in a business context for which there is no tax relief either by way of deduction (immediate or over time) or capital loss.
This seminar discusses uniform capital allowances, with a focus on: Balancing adjustments, Asset rollovers, Joint ventures and partnerships, Interface with consolidations regime.
This seminar paper discusses the Uniform Capital Allowances provisions of the new regime are contained in Subdivision 40-B. These provisions are predominantly based on the current rules for depreciating plant and equipment. Some conceptual changes have occurred in order to consolidate numerous existing capital allowance regimes and to simplify the law.