Second Hand Property · Koste Knowledge Base
What happens to second-hand Division 40 assets I cannot claim?
Quick Answer
Second-hand Division 40 assets that cannot be claimed annually may still be relevant later. In some cases, they may form part of capital loss or disposal records when a CGT event occurs, so they should not simply be ignored.
Division 40second-hand assetscapital lossdepreciation
Written by Koste Team · Koste Chartered Quantity Surveyors · AIQS Member · RICS Member · TPB Registered · 1300 669 400 · info@koste.ai