• Stocktakes and assets

    Business assets might include buildings, fixtures and fittings, plant and equipment, cars and trucks, office equipment, computers, the stock you sell and many other things.

    You can claim a deduction for most expenses you incur on buying, maintaining, repairing and selling business assets or stock, either immediately or over time. You need to keep records of these expenses to claim the deductions.

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    Last modified: 22 Jan 2016QC 43048