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Is the depreciation claimed on a property added back when the asset is sold?

April 26, 2017added ASSET claimed depreciation Property sold

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Is the depreciation claimed on a property added back when the asset is sold?

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A. Yes it is but might have been claimed as a 48.5% tax deduction and the Capital Gain may be concessionally taxed and discounted by 50% if the asset is held for greater than a year.