This paper presents a practical road map to follow when dealing with business related capital expenditure and considers:
- common myths and misunderstandings
- what trumps what when dealing with business-related capital expenditure
- why business relationship is key
- lease termination expenditure
- expenditure in relation to legal or equitable rights
- interaction with Division 35 (non-commercial loss provisions)
- issues with goodwill
- capital expenditure in relation to a business that has ceased.