Complete Asbestos Management

REMOVAL of asbestos will be deductble as a environmental costs:
Section 40-755 of the Income Tax Assessment Act 1997 allows an immediate deduction for capital expenditure if the sole or dominant purpose is for environmental protection activities. Therefore, the cost of removing asbestos and recladding walls would result in an instant deduction for the rental property owner

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Phase Three: Asbestos National Strategic Plan 2024-2030 | Asbestos and Silica Safety and Eradication Agency The Asbestos National Strategic Plan sets out Australia’s commitment to the removal of asbestos and the elimination of asbestos-related diseases. It brings all levels of government and non-government organisations together to work together to ensure we’re efficient, effective and coordinated. We...