Forum Discussion

adlinanasir's avatar
6 years ago

Capitalize Expenses

What is the treatment of the payment of an expense that has been capitalize?

  • DuncanS's avatar
    DuncanS
    Ultimate Partner

    adlinanasir 

     

    You should be talking to your Tax Accountant.

    It is important to understand why an expense is capitalised.

    Also the ATO has immediate write-off concessions for small business.

     

    An expense that has been capitalised is treated as a Non-Current Asset and depreciated.

     

    Duncan