Taxation in Direct Selling


Depreciation

As with other countries, assets can be depreciated at appropriate levels and with highly consumable assets like software able to be depreciated at rates up to 40% diminishing value or 30% straight line.
Your Accountant will know and implement the most appropriate rates.
Intelectual Property rights purchased or created after 1 April 1993 can be depreciated providing they can be proven as a legitimate asset. Tax changes commencing 1 April 2011 wil change property depreciation and so this needs to be considered if commercial property is being purchased. These changes may also have a fiscal impact on leased properties as landlords attempt to pass on costs. Check the options available for these with your accountant.
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