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  • Recoupment of cost



    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 recoup an amount that you had previously included in the cost of a depreciating asset, you may need to include that recouped amount in your assessable income. An amount you receive for the sale of a depreciating asset at market value is not an assessable recoupment.

    Last modified: 27 Aug 2007QC 27892