Category Archives: Tax & Accounting

Public consultation closed on 28 February 2018 on exposure draft legislation which is intended to implement the 2017 Budget announcement to improve the integrity of the small business capital gains tax (CGT) concessions.

The amendments include additional basic conditions that must be satisfied for a taxpayer to apply the small business CGT concessions to a capital gain arising in relation to a share in a company or an interest in a trust (the object entity).

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Depreciation table

Capital Claims, the tax depreciation specialists, have recently published this article Can I still claim tax depreciation on my investment property since the new legislation passed?, specifically targeted to investors to assist them with understanding the changes to the investment property property depreciation rules, the new legislation for which was passed in November 2017.

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