Public Ruling No. 1/2001 Ownership of Plant and Machinery for the ...
Public Ruling No. 1/2001 Ownership of Plant and Machinery for the ...
Public Ruling No. 1/2001 Ownership of Plant and Machinery for the ...
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
1• IRB (Inl<strong>and</strong> Revenue Board) Guidelines <strong>and</strong> <strong>Ruling</strong>sThe capital allowance computation should be as follows:<strong>Machinery</strong> Air FurnitureconditionersQE 180,000 8,000 10,000Y/A 1995IA 36,000 - 2,000AA 18,000 54,000 - - 800 2,800RE 126,000 - 7,200Y/A 1996AA 18,000 - 800RE 108,000 - 6,400Y/A 1997IA 1,600AA 18,000 960 2,560 800RE 90,000 5,440 5,600Y/A 1998AA 18,000 960 800RE 72,000 4,480 4,800YA 1999AA 18,000 960 800RE 54,000 3,520 4,000Y/A 2000 (preceding year basis)AA 18,000 960 800RE 36,000 2,560 3,200Y/A 2000(CY)AA 14% 25,200 14% 1,120 10% 1,000[new rates]RE 10,800 1,440 2,200YA <strong>2001</strong>AA *10,800 1,120 1,000RE Nil 320 1,200*AA 25,200 restricted to <strong>the</strong> amount <strong>of</strong> REAlternative 2: Old rates applied (all existing assets)A person can continue to apply <strong>the</strong> old rates <strong>for</strong> allexisting assets <strong>for</strong> Y/A 2000 (CY) <strong>and</strong> subsequent years39
Change language