I noticed in the February 2010 property investor magazine that IRD are reiterating their stance on their may 2006 interpretation statement for claiming building fitout seperately from the building.
Has anyone made the adjustments to add back any building fitout items to the building value for depreciation.
I've heard some accountants say that the IRD interpretation is wrong & they just continue to claim depreciation based on seperating out the building fitout to depreciate at higher rates.
Has anyone challenged the IRD on their interpretation,and if so what was the outcome.
Has anyone made the adjustments to add back any building fitout items to the building value for depreciation.
I've heard some accountants say that the IRD interpretation is wrong & they just continue to claim depreciation based on seperating out the building fitout to depreciate at higher rates.
Has anyone challenged the IRD on their interpretation,and if so what was the outcome.
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