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Application provision

1.1 Unless otherwise stated, this Part applies to a non-directive friendly society.

11.1

01/01/2016

The value of any computer equipment of a firm:

  1. (1) in the financial year of the firm in which it is purchased, must not be greater than three-quarters of the cost thereof to the firm;
  2. (2) in the first financial year thereafter, must not be greater than one-half of that cost;
  3. (3) in the second financial year thereafter, must be not greater than one-quarter of that cost; and
  4. (4) in any subsequent financial year, must be left out of account for the purposes of this Part.

11.2

01/01/2016

The value of any office machinery (other than computer equipment), furniture, motor vehicles and other equipment of a firm, must be, in the financial year of the firm in which it is purchased, not greater than one-half of the cost thereof and must be, in any subsequent financial year, left out of account for the purposes of this Part.