HI3042 - Taxation Law | Holmes Institute

HI3042 - Taxation Law assignment the ascertainment of whether the cost involved in moving the machinery to a new site will be regarded as the allowable deductions in accordance with the cost incurred in small changes at the site will be considered for allowable deductions. the expenditure that occurred on revaluation constitutes the expense that is incurred in expanding the income-generating capacity or they are merely incurred to protect or maintain the asset. The business is usually incurred for carrying the business and in compliance with such cost is usually not considered allowable deductions the GST legislation an individual will be able to claim the input tax credit if the price is GST inclusive