![]() You may be able to claim a capital works deduction for the cost of capital improvements or repairs of a capital nature once the work is completed over a period of time. If you are required by the body corporate to pay a special levy to fund a particular capital improvement, these levies are not deductible. You can claim an immediate deduction for these regular payments at the time you incur them. ![]() Regular payments you make to body corporate administration funds or general purpose sinking funds for ongoing administration and general maintenance are considered to be payments for the provision of services by the body corporate.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |