Private ruling: Uniform capital allowances
Published: May 2012

Ruling: In order to protect the privacy and commercial in-confidence components of this private binding ruling the following summary is provided . | The Commissioner was asked a series of questions involving the uniform capital allowances regime in regard to an extension of an asset. | The Commissioner ruled that the extension was a composite asset and was merged to the old section. The Commissioner also considered the asset to be plant and that costs associated with sourcing materials (used for the extension) from the taxpayer's expansion activities did not form part of the cost of the asset.




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