Page 16 - Capital Allowances Recoupments Part 1 (CTA)

s 12C

Capital allowance?

Second-hand 20% x cost

(every year for 5 years)

New / unused 40% / 20% / 20% /20%

x Cost

?

The lesser of:

- the actual cost to the TP to acquire that asset or

- the direct cost under a cash transaction at arm‟s length (marketvalue)

including

- the direct cost of installation or erection of the asset

- cost of foundation / supporting structure

- moving cost

But excluding interest and finance charges.