The Co-operative National Law defines shares purchased in a Co-operative to be personal property.
We are purchasing shares in an Energy Co-operative to offset our businesss energy use. Is this purchase eligible for the instant asset write off?
Hi @AlanCo-op,
The instant asset write-off is for depreciating assets such as tools and office equipment. These are assets that loose value over time by depreciating.
Unfortunately, shares don't fall into the category of depreciating assets.
We've some great information on our website about instant asset write-off.
I really like the way you've thought about how you can save.
Hi @AlanCo-op,
The instant asset write-off is for depreciating assets such as tools and office equipment. These are assets that loose value over time by depreciating.
Unfortunately, shares don't fall into the category of depreciating assets.
We've some great information on our website about instant asset write-off.
I really like the way you've thought about how you can save.
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