The application date for the depreciation of commercial buildings
This question we’ve been asked clarifies when the new rules providing for the depreciation of commercial buildings apply from.
COVID-19 Response (Taxation and Social Assistance Urgent Measures) Act 2020 – ss 2, 4, 5, 6, 7, 10, 11, 12, 13, 14, 29(2) and (4) to (8), 30 and 39
Income Tax Act – s EE 31 and YE 1
Interpretation Act 1999 – s 8