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  • Column 4: Amount to be deducted for cost base



    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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    Expenditure that you have deducted or can deduct does not form part of the cost base. This applies to all expenditure on assets acquired after 13 May 1997. Prior to that date you need to exclude from incidental costs and non-capital costs of ownership any amounts that you have deducted or could deduct. Any amounts that you have received as recoupment of expenditure also do not form part of the cost base - for example, an insurance payment in respect of the expense. For more information see Cost base and reduced cost base.

    Last modified: 18 Sep 2009QC 18323