Page 5 - Capital Allowances Recoupments Part 1 (CTA)

Important definitions

DEFINITION (s 1):

- Property of whatever nature Silke

- moveable or immovable

- corporeal or incorporeal p. 231

(excluding any currency, but includes

a coin made from gold/platinum), &

- a right/interest in above property

- excluding trading stock or any debt

Depreciable asset

“that qualifies for a deduction or

allowance that is wholly or partly

based on its cost or value”