Tax return- capital gains

« **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.

« **Reply #1 on:** January 23, 2008, 08:02:21 am »

40% maximum first year. 25% maximum subsequent years.

« **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

julianbiggs

Tax return- capital gains - van

Alex Gardiner

Re: Tax return- capital gains - van

*Chris Browne

Re: Tax return- capital gains - van