Computer & Office faq's

FAQs

 

Characteristics (where used for business) Lease CHP Chattel Mortgage
Are repayments tax deductible?* Yes No No
Can you depreciate the equipment as tax deductible?* No Yes Yes
Is the interest tax deductible? No Yes Yes
Is GST payable on the cost of the equipment? No Yes Yes
Is GST payable on repayments? Yes No No

* If used for income producing purposes.


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