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  • Deducting pre paid non -business expenditure



    This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

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    If you incur deductible prepaid non-business expenditure, your deduction must be claimed proportionately over each income year containing all or part of the eligible service period or 10 years, whichever is less. However, transitional rules phase in the initial impact of this measure.

    Last modified: 10 Dec 2019QC 27429