Name and briefly explain items which may be included in the qualifying expenditure for the purposes of investment deductions.

The items to be included as qualifying expenditure include:

  • Buying price of the asset
  • Any customs duty and Vat paid on the asset
  • Installation costs
  • Insurance on transit and transport costs before the asset is brought into use
  • Cost of demolition of a building to accommodate the asset
  • Any repair cost incurred before the asset is brought into use
  • As a rule, any incidental cost incurred before the asset is brought into use is a qualifying expenditure.
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