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Re: capital gain tax on machinery

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is capital gain tax applied on depreciating assets like machinery?

 

 

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Devotee Registered Tax Practitioner

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is capital gain tax applied on depreciating assets like machinery?

 

No   -   https://www.ato.gov.au/general/capital-gains-tax/cgt-assets-and-exemptions/

 

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Most helpful response

Devotee Registered Tax Practitioner

Replies 0

is capital gain tax applied on depreciating assets like machinery?

 

No   -   https://www.ato.gov.au/general/capital-gains-tax/cgt-assets-and-exemptions/