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Daily Archives: 24/09/2021

Tax allocations in a ‘mixed’ sale

ALLOCATIONS OF DEPRECIABLE ASSETS IN A ‘MIXED’ SALE OF LAND AGREEMENT In a so-called ‘mixed sale’, ie a sale involving land and other depreciable assets, (e.g. chattels, plant and equipment), the allocation of the total composite purchase between the building and the other depreciable assets can become an issue for income tax purposes.  In some […]

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