Ostroff, Fair and Company
*Ostroff, Fair and Company>>>Australia Taxes

If i buy a second hand tradesman trailer from someone can i still write it off on tax?


If i buy a second hand tradesman trailer from someone can i still write it off on tax?

can't write off the purchase price as an expense ,you have to depreciate it although in some cases you can depreciate it over 1 year and in effect write it off. if you were to finance the purchase you would have an additional expense to write off for the interest.
Yes. But only the appraised value!
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