Interactive Revision · Chapter 9
Chapter 9: Capital v Revenue, When Expenditure Is Incurred, Division 40 and Division 43 Click a square and type one letter. Select Check answers . Correct letters turn green with ✓; incorrect letters turn red with ✕. Change any red letter and check again. The answer key is on a separate page.
Across 2. Capital allowance regime for depreciating assets.5. Work that changes or enhances an asset beyond repair.10. Authority on enduring benefit and capital expenditure.13. Authority on capital/revenue character in a commercial setting.14. Adjustment on disposal or cessation of a depreciating asset.15. Period used in depreciation calculations.18. Business profit-yielding framework relevant to capital analysis.19. Restoration distinguished from capital improvement.Down 1. Capital works regime for qualifying construction expenditure.3. Asset with a limited effective life capable of declining in value.4. Capital works expenditure potentially within Division 43.6. One statutory method for decline in value.7. Recurring or operational expenditure ordinarily on revenue account.8. Alternative decline-in-value method.9. Expenditure on the profit-yielding structure rather than ordinary operations.10. Authority refining capital/revenue analysis.11. Leading Australian authority on capital/revenue distinction.12. Classic recurrence test authority.16. Timing concept requiring a presently existing liability.17. Reduction in value giving rise to Div 40 deductions.Taxation Law in Australia • Interactive Revision • JUNIQ