AU Tax: Capital works deductions CTR
Please create a worksheet specifically for capital works deductions in the company tax return, where assets can be added and the total deduction amount integrated to label 7I.
7
votes
Antonia Yeung
shared this idea
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Ray King
commented
Capital works is different to Capital Allowance but it should be able to be tracked in the same way. Company, Trust and Partnership tax returns should all have the ability to add Capital Works assets separately in a property schedule that calculates the amount to claim and integrates to the correct field in the entity tax return.