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Articles
Rebate Income - New Concept
Family Tax Benefit (FTB) - Change to delivery of
Individual's - Income Tax Rates
Senior Australians Tax Thresholds
Research and Development Tax Concession
Finer Details Investment Allowance
PAYG Instalments - Are You Paying Too Much?
Working Australians Tax Bonus Administration

Budget 2009 - 10  -  Overview, Summary, Papers.

News From George and John
A powerful search engine resides on this website.
30% Investment Allowance - One time window of opportunity
Plant & Equipment or Fixtures & Fittings?
The Road to Recovery
Will we see more Bankruptcies or Part X's?
CREDIT CRISIS AND RECESSION
Plant & Equipment or Fixtures & Fittings?

At some stage most business owners decide whether they should rent or buy their business premises.


If premises are rented, then everything ‘fixed' to those premises becomes part of the premises.

If that business fails, then the landlord will own those improvements even though they didn't pay for them.

There are potential advantages to having equipment separate from the land and buildings (being Plant & Equipment as opposed to Fixtures & Fittings):-

  • Better depreciation
  • The flexibility to modify and replace equipment as required
  • The ability to relocate equipment within the premises to another location

Whether something is ‘fixed' is based on case law and sometimes some surprising answers, so ask your adviser.



23rd-April-2009