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From: | "Oliver Shapleski" <oliver.shapleski@vuw.ac.nz> |
Date: | Mon, 3 Jul 2000 15:29:39 +1200 |
I would have thought it was arguable that a new cpu WAS a new computer. My line would be: A Honda civic with a better engine is still the same Honda Civic; but my Compaq P I 100mhz computer with a new P III 566mhz cpu ain't a still the same Compaq. I haven't read the case yet, but I believe that in Auckland Gas Co the company substantially upgraded some of its pipes and claimed that the old ones were so shoddy that the new pipes were "repairs". PC said no - substantially new asset. In any case I think it's a matter of proportionality, and IMHO there's a solid argument to say that a new CPU is on the wrong side of the ledger. A different story with a modem perhaps? Indeed as Andrew points out, the question is whether the expenditure is of a capital or revenue nature, and I without researching the issue any more I would say a new cpu was the former notwithstanding any IRD binding ruling on the matter. Has anyone actually been advised properly on this matter by their accountant/lawyer/IRD? Oliver ----- Original Message ----- From: Mike Nelson <bb2345@ihug.co.nz> To: <sharechat@sharechat.co.nz> Sent: Monday, July 03, 2000 5:09 PM Subject: Re: [sharechat] Tax amongst the chatter > I can't see that a new cpu in a computer is any different to a new engine > in a car ... it's repairs and maintanance. > > MN > > > At 03:04 PM 03-07-00 +1200, you wrote: > > The depreciation is the expense, and you won't be allowed to claim > >something as an expense and a depreciable asset at the same time!!! > >----- Original Message ----- From: Geoff Ewert To: > >sharechat@sharechat.co.nz Sent: Monday, July 03, 2000 4:48 PM Subject: > >[sharechat] Tax amongst the chatter > > Hi Oliver,If you were purchasing a first time pc.I would agree,but my > >understanding re:the purchase of a replacement is more tax user > >friendly,One would assume all the chatters are not looking at their > >first pc purchase. Regards G > > > ***************************************************** > Looking for top accommodation in Wellington for more than a week ? Check > out our homepage at http://homepages.ihug.co.nz/~bb2345/ > > ***************************************************** > > -------------------------------------------------------------------------- -- > http://www.sharechat.co.nz/ New Zealand's home for market investors > To remove yourself from this list, please use the form at > http://www.sharechat.co.nz/forum.shtml. ---------------------------------------------------------------------------- http://www.sharechat.co.nz/ New Zealand's home for market investors To remove yourself from this list, please use the form at http://www.sharechat.co.nz/forum.shtml.
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