Recoupment of cost



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

End of attention

Recoupment of an amount included in the cost of a depreciating asset may be included in assessable income. An amount is not an assessable recoupment if it is received for the sale of a depreciating asset for its market value.

Last modified: 31 Oct 2005QC 27521