From Uncertainty to Objectivity: Reforming Tax Deductions for Repair Costs in Australia
In Australia, the cost of repairing an asset used to produce assessable income is immediately deductible under s 25-10 of the Income Tax Assessment Act 1997. To claim this deduction, the repairs must not be of a capital nature. The courts have developed three tests to distinguish repair costs from c...
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| Format: | Journal Article |
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2020
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| Online Access: | http://hdl.handle.net/20.500.11937/84394 |