hughsonandassociates

The depreciable asset

The depreciation rate for non-residential buildings has been reduced to 0%, effective from the 2024 / 25 income year. However, commercial fit-out remains depreciable. This makes the distinction between the two important because it is the difference between not being able to deduct any depreciation at all versus being able to claim a good proportion […]

The depreciable asset Read More »

From my desk…

Greetings, Finally – a drop in the O.C.R. has signaled that we have had enough pain. This cut was predicted by most of the market however some banks economists thought it was too soon. I for one am very happy to see the start of the O.C.R. cuts with some banks estimating at least 1%

From my desk… Read More »

Scroll to Top