INCOME TAX ASSESSMENT ACT 1997 - SECT 108.60 Depreciating asset that is part of a building is a separate asset

INCOME TAX ASSESSMENT ACT 1997 - SECT 108.60

    A * depreciating asset that is part of a building or structure is taken to be a separate * CGT asset from the building or structure.

Example:   You own a factory from which you carry on a business. You install rest rooms for your employees. The plumbing fixtures and fittings are depreciating assets. These are taken to be a separate CGT asset from the factory.