Australia's largest stock trading and investment forum Australia's #1 stock forum

I will be in top tax bracket, so writing it off may be better in...

First 5 Last

Share
Profile

Follow
rebel1

28,677 Posts.

852

03/03/24

22:43

Post #: 72722275
Share

Originally posted by LoadedDog: ↑

If you have had a good year and the outlay is taxable income in the current year, then the max discount this year is the way to go, but if it is saved/non-taxable capital it may be better to depreciate conventionally, taking a little off the top each year. You aren't going to get rich on the interest on your tax refund if left in the bank.

Justy sounds about right.

Expand

I will be in top tax bracket, so writing it off may be better in 1 hit .
Upvote

Reply

Top Stories

ASX Market Close: Why are we red today? Because US CPI's at 3%

LIS

Li-S Energy the latest microcap to pivot to US defence market

LU7

Lithium Universe targets silver boom with breakthrough solar recycling tech

Listen: HotCopper Wire Podcast 018 – Potatoes, TACOs, and the $120M helicopter heist

LDX

Lumos Diagnostics surges 140% on major US contract deal

First 5 Last

SPONSORED BY