https://www.taxtmi.com/acts?id=18638 A new investment deduction is added permitting manufacturing companies that acquire and install new assets above a threshold in a previous year to claim a deduction equal to fifteen per cent of the actual cost for the relevant assessment year; taxpayers eligible under the existing subsection (1) are excluded for the assessment year starting 1 April 2015, the new deduction is disallowed from assessment years on or after 1 April 2018, and subsection (2) is amended to subject such deductions to the five year recapture rule on transfer. en-us Fri, 11 Jul 2014 15:37:33 +0530 Fri, 11 Jul 2014 15:37:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=18638 A new investment deduction is added permitting manufacturing companies that acquire and install new assets above a threshold in a previous year to claim a deduction equal to fifteen per cent of the actual cost for the relevant assessment year; taxpayers eligible under the existing subsection (1) are excluded for the assessment year starting 1 April 2015, the new deduction is disallowed from assessment years on or after 1 April 2018, and subsection (2) is amended to subject such deductions to the five year recapture rule on transfer. Act-Rules Bills Fri, 11 Jul 2014 15:37:33 +0530 https://www.taxtmi.com/acts?id=18638