5Definition of “item of capital”

5 Definition of “item of capital”

5 Definition of “item of capital”

For the Act, section 4(1), definition of item of capital, paragraph (d), the following items in a retirement village are items of capital—

(a) fixtures,

Examples—

bench tops, built-in cupboards and wardrobes, ducted air-conditioning, floor coverings, hot-water systems and stoves

(b) fittings,

Examples—

light fittings, taps and sanitary fittings

(c) furnishings,

Examples—

blinds, curtains and fly screens

(d) non-fixed items.

Examples—

whitegoods, portable air conditioners, fans, tables and chairs