Capital works deduction, also known as building write-off, is a deduction available for depreciation of a building's structure. This deduction is based on the historical construction costs of the building and includes the bricks, mortar, walls, flooring, wiring, windows, doors and other items the ATO deemed to be fixed permanently to a building.
- Q1 What is plant and equipment (Division 40)?
- Q2 How is the capital works deduction different to plant and equipment?
- Q3 Why itemise plant and equipment?
- Q4 Difference between Prime Cost and Diminishing Value methods of depreciation?
- Q5 Which depreciation method is best?
- Q6 How does low value pooling help to maximise my depreciation claim?
- Q7 What is scrapping?
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