Whether the following are allowable as deductions under section 8-1 of ITAA 1997?
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The cost of moving machinery to a new site – in case, this expense pertains to brand new machinery which is being moved from the place of purchase to the new site, then the expense shall be included in the capital cost of purchase of machinery and shall be deemed to be of capital nature. The cost of revaluing assets to effect insurance cover The expenses incurred in the revaluing of assets for the purpose of claiming exemption are allowable if the same are incurred for the recovery of loss of