Special Tax Alert - August 2010Post-budget depreciation issues |
An issues paper with draft legislation has been released seeking feedback on proposals to deal with two depreciation issues that have arisen out of the Budget 2010 package. Specifically, the treatment of commercial fit-out in light of the removal of depreciation on buildings and "grandparenting" issues to do with the timing of the removal of depreciation loading. Overall the proposals are positive, albeit the technical detail needs to be refined a little. We set out the broad proposals in the attached Special Alert (link below). Submissions close on 1 September 2010.
Special Depreciation Tax Alert - August 2010
(172.71 KB)
