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Capital improvements, or work which improves an asset beyond its original condition, must be depreciated and claimed as a capital works deduction or as depreciation.
ALP considers the idea of a minimum tax rate of 35 cents the dollar for anybody earning over $300,000.
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Once an investor chooses the depreciation method used for an asset, it cannot be changed.
Please stop making SA even less attractive of being a great place to live work and play by placing even further imposts on property.
We take a look at the various incentives from state and territory governments to get first home buyers to consider a house and land package.
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