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julianbiggs

  • Posts: 395
Tax return- capital gains - van
« on: January 23, 2008, 07:59:49 am »
Just doing my tax return. One thing I can't seem to get a straight answer on.

I bought a van last year and I know I can write some of it off as capital goods. In the first year what is the percentage I can write off.

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Alex Gardiner

  • Posts: 7742
Re: Tax return- capital gains - van
« Reply #1 on: January 23, 2008, 08:02:21 am »
40% maximum first year. 25% maximum subsequent years.
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*Chris Browne

  • Posts: 863
Re: Tax return- capital gains - van
« Reply #2 on: January 23, 2008, 09:34:41 am »
Ask your accountant is the easiest way to find out, they should be able to tell you. :)

Chris
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