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New Member
posted Oct 30, 2019 2:39:42 AM

Not sure where to write off for the cost of a new new dump trailer for my rubbish removal business? and what percentage to write off?

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1 Best answer
New Member
Oct 30, 2019 2:39:43 AM

You can go to the summary under self-employment.  Click edit on the line for your business. and click on Assets used in your business. Enter additions. Choose Class 10 and enter the description and the cost.  Click done with CCA.  The next screen will show the calculation in CCA for the year under Class 10 of the highest amount possible.  You can reduce it manually if you like but you cannot increase it.

1 Replies
New Member
Oct 30, 2019 2:39:43 AM

You can go to the summary under self-employment.  Click edit on the line for your business. and click on Assets used in your business. Enter additions. Choose Class 10 and enter the description and the cost.  Click done with CCA.  The next screen will show the calculation in CCA for the year under Class 10 of the highest amount possible.  You can reduce it manually if you like but you cannot increase it.