Glossary entry (derived from question below)
English term or phrase:
capital works
English answer:
infrastructural developments which satisfy service delivery requirements
Added to glossary by
Anthony Indra
Jul 1, 2007 18:47
16 yrs ago
13 viewers *
English term
United States
Translation by an Engineer & MBA!
Native in: Indonesian 
Works in: English to Indonesian, Japanese to Indonesian, German to Indonesian, and 3 more.
capital works
English
Bus/Financial
Law: Taxation & Customs
tax information
The context:
Renovation costs and costs to repair damage, defects or deterioration existing on purchase cannot be claimed as an immediate deduction. These costs are capital expenditure, depending upon what is repaired or improved, and must be claimed as either decline in value deductions over the asset’s effective life, or as capital works deductions over 40 years.
Common mistakes
There are some common mistakes made by both first-time and other rental owners. These include:
• Incorrectly claiming the cost of structural improvements as repairs when they are capital works deductions. Examples of this include remodelling of bathrooms and kitchens, and constructing a deck or pergola.
Renovation costs and costs to repair damage, defects or deterioration existing on purchase cannot be claimed as an immediate deduction. These costs are capital expenditure, depending upon what is repaired or improved, and must be claimed as either decline in value deductions over the asset’s effective life, or as capital works deductions over 40 years.
Common mistakes
There are some common mistakes made by both first-time and other rental owners. These include:
• Incorrectly claiming the cost of structural improvements as repairs when they are capital works deductions. Examples of this include remodelling of bathrooms and kitchens, and constructing a deck or pergola.
Responses
+1
6 mins
David Hollywood
Native in English
&
English
worked for int. orgs (IMF, OAS, IDB)
Native in: English
Works in: Spanish to English, German to English
Related KudoZ points
:
16
Selected
infrastructural developments which satisfy service delivery requirements
Definitions of capital works on the Web:
Infrastructural developments which satisfy service delivery requirements.
www.deh.gov.au/parks/best-practice/reports/asset/glossary.h...
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Note added at 9 mins (2007-07-01 18:56:12 GMT)
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Capital Works
It is the responsibility of the Projects Section to coordinate, manage and deliver all new building works. This involves the construction of new buildings and structures, as well as the refurbishment and alteration of existing buildings, and associated fit-out required for occupation and use.
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Note added at 12 mins (2007-07-01 18:59:12 GMT)
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includes improvements, replacements, additions, etc ..
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Note added at 19 mins (2007-07-01 19:07:05 GMT)
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Capital works are qualifying large scale repairs that the Council carries out on its housing - for example replacing windows or roof works. ...
www.greenwich.gov.uk/Greenwich/Housing/Leaseholders/Capital... - 27k - Cached - Similar pages
Infrastructural developments which satisfy service delivery requirements.
www.deh.gov.au/parks/best-practice/reports/asset/glossary.h...
--------------------------------------------------
Note added at 9 mins (2007-07-01 18:56:12 GMT)
--------------------------------------------------
Capital Works
It is the responsibility of the Projects Section to coordinate, manage and deliver all new building works. This involves the construction of new buildings and structures, as well as the refurbishment and alteration of existing buildings, and associated fit-out required for occupation and use.
--------------------------------------------------
Note added at 12 mins (2007-07-01 18:59:12 GMT)
--------------------------------------------------
includes improvements, replacements, additions, etc ..
--------------------------------------------------
Note added at 19 mins (2007-07-01 19:07:05 GMT)
--------------------------------------------------
Capital works are qualifying large scale repairs that the Council carries out on its housing - for example replacing windows or roof works. ...
www.greenwich.gov.uk/Greenwich/Housing/Leaseholders/Capital... - 27k - Cached - Similar pages
4 KudoZ points awarded for this answer.
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