Hi,
Client bought a Ute a few years ago, 100% for work. Claiming the diminishing method 25%. The reducing balance $30K. Question is can the Ute transfer to a general pool (new pool as never used pool before) and write it off?
Client bought a Ute a few years ago, 100% for work. Claiming the diminishing method 25%.
The reducing balance $30K.
Question is can the Ute transfer to a general pool (new pool as never used pool before) and write it off?
Yes - as long as client = business taxpayer.
Client bought a Ute a few years ago, 100% for work. Claiming the diminishing method 25%.
The reducing balance $30K.
Question is can the Ute transfer to a general pool (new pool as never used pool before) and write it off?
Yes - as long as client = business taxpayer.
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