Quick one:
On a company tax return, should 8D - Current Assets and 8E - Total assets include the value of assets which are being fully depreciated under 10A – Deduction for certain assets (costing less than the relevant instant asset write-off threshold)?
8D and 8E amounts are copied from the amounts shown on the balance sheet, so that will depend on what is shown in the company balance sheet.
We generally revalue depn assets to fair value in order to make the balance sheet more realistic.
Best to go to a local tax agent if you don’t know what to do.
8D and 8E amounts are copied from the amounts shown on the balance sheet, so that will depend on what is shown in the company balance sheet.
We generally revalue depn assets to fair value in order to make the balance sheet more realistic.
Best to go to a local tax agent if you don’t know what to do.
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