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The ATO website says:
in-house software is computer software, or the right to use computer software that you acquire, develop or have someone else develop for your business use, not for sale.
As I understand it, being a software developer, I can develop in-house software on my own instead of having someone else develop it for my business.
Do I interpret it correctly?
If so, how do I calculte the deduction for such development of in-house software?
Thanks for your help.
Just a note: same question goes for the software developed by me and used internally, not being part of the website (and therefore not being in-house software).
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