To secure a 20 year loan of 209 000 to purchase a rental property for 170 000 and a private motor vehicle for 39 000 the hitchman s paid a total of 1 670 in establishment fees valuation fees and stamp duty on the loan. You can claim the expense of commercial off the shelf software as a deduction either. Depreciation rates are based generally on the effective life of an asset unless a write off rate is prescribed for some other purpose such as the small business incentives.
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