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Repairs and maintenance : capital versus revenue? Get a real world approach / presented by Frank Owen

By: Owen, Frank.
Series: Professional Development course paper (CAANZ).Publisher: Wellington, N.Z. : Chartered Accountants Australia and New Zealand, 2014Edition: August/September.Description: 64 p. ; 30 cm.ISSN: 1173-9851.Subject(s): Property | Expenditure | Deductions
Contents:
Flowchart - approach to analysis -- The deductibility issue -- First stage - identifying the relevant asset -- Putting it in plain language -- Asset identification cases -- The Entirety test -- Overseas authorities -- Key points on identifying the asset being worked on -- Relationship with the depreciation rules -- Second stage - nature and extent of work done -- Capital/revenue cases -- Analysis of case law -- Has the work done changed the character of the asset? -- Nature of the work done -- Use of more modern materials -- Scale of the work done -- Key points on the nature & extent of the work done to the asset -- Examples -- Questions we have been asked.
Summary: Looks at the key issues in determining if the expenditure on maintaining property is capital or revenue.
Item type Home library Collection Call number Status Date due Item reserves
CA Course/Conference Paper - NZ CA Course/Conference Paper - NZ New Zealand
S.1255 (Browse shelf) Available
CA Course/Conference Paper - NZ CA Course/Conference Paper - NZ New Zealand
Reference S.1255 (Browse shelf) Not For Loan
Total holds: 0

Flowchart - approach to analysis -- The deductibility issue -- First stage - identifying the relevant asset -- Putting it in plain language -- Asset identification cases -- The Entirety test -- Overseas authorities -- Key points on identifying the asset being worked on -- Relationship with the depreciation rules -- Second stage - nature and extent of work done -- Capital/revenue cases -- Analysis of case law -- Has the work done changed the character of the asset? -- Nature of the work done -- Use of more modern materials -- Scale of the work done -- Key points on the nature & extent of the work done to the asset -- Examples -- Questions we have been asked.

Looks at the key issues in determining if the expenditure on maintaining property is capital or revenue.

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