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Old 17th Feb 2024, 03:32
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kbca
 
Join Date: May 2022
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"If you can depreciate the cost of an aeroplane over say 10 years, surely you can do the same thing with the qualification that you intend to use over x number of years..."

The Division 40 of the Income Tax Assessment Act 1997 (ITAA 1997) is very specific about what a depreciation asset is. This doesn’t fit.

Search for s40-30 ITAA 1997 for a specific list.
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