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79 Se c t i on1 Ta xDe duc t i on:

Wha tEve r y Bus i ne s sOwne r Ne e dsToKnow.

Wha ti sSe c t i on179? TheSe c t i on179Ta xDe duc t i on i sas pe c i a lf e de r a lI RSl a wt ha t a l l owsbus i ne s s e st ode duc ta l l orpa r toft hepur c ha s e pr i c eofc e r t a i nqua l i f yi ng bus i ne s se qui pme nt .

Wha tEqui pme ntQua l i f i e s Unde rSe c t i on179? •Ta ngi bl epe r s ona lpr ope r t y •Bus i ne s sve hi c l e s •Of f i c ee qui pme nt •Agr i c ul t ur a ls t r uc t ur e s •Of f i c ef ur ni t ur e •Hor t i c ul t ur es t r uc t ur e s •Of f i c ef i xt ur e s •Ga s ol i net a nks / pumps •Comput e r s •Li ve s t oc k •Of f -s he l fc omput e rs of t wa r e •Re s e a r c hf a c i l i t i e s •Ma c hi ne r y •Pe t r ol e um s t or a ge •La r gebus i ne s se qui pme nt •Te s t i nge qui pme nt •Ma nuf a c t ur i ngt ool s •Si gns •Pr oduc t i onr e l a t e de qui pme nt •Re f r i ge r a t or s

•Ai rc ondi t i oni nguni t s •Ba r ns •Bi l l boa r ds( i fnotmova bl e ) •Br i dge s •Bui l di ngs •Doc ks •El e va t or s •Es c a l a t or s •Fe nc e s •For e i gnus e dpr ope r t y

•He a t i nguni t s •I nve s t me ntpr ope r t y •La nd •La nds c a pi ng •Roa ds •Shr ubbe r y •Si de wa l ks •St a bl e s •Swi mmi ngpool s •Wa r e hous e s

I nf or ma t i ona boutqua l i f y i nga ndnonqua l i f y i nge qui pme ntc a nbev i e we dont heI RS. g ovwe bs i t e

Wha tGoe sUp. . . Mus tGoDown TheSe c t i on179Ta xDe duc t i on l i mi tha sbe e nde c r e a s i nge a c h ye a rs i nc e2011a ndi se xpe c t e d t ode c r e a s et o$25Ki n2013.

$500K $250K

Thef i r s t ye a rbonus de pr e c i a t i ononne w e qui pme nts t a r t i ng J a nua r y1s t2013,down f r om 50% i n2012.

$139K $25K

2009

0%

$500K

2010

2011

2012

2013

Ca pOnPur c ha s e s J a nua r y 1s t

Thec a pont ot a le qui pme ntpur c ha s e s wi l lde c r e a s ef r om $560, 000t o$200, 000 e f f e c t i veJ a nua r y1s t ,2013.

2013

$628Bi l l i on Thes i z eoft hee qui pme ntl e a s i nga nd 1 f i na nc i ngi ndus t r yi nt heU. S.i n2012.

80% Pe r c e nt a geofbus i ne s s e s i nt heUni t e dSt a t e st ha t l e a s es omeora l loft he i r e qui pme nt .2

Thi si nf ogr aphi cwaspr oduc edbyBal boaCapi t al ,

Ma keSur eToDoYourHome wor k TheI RSwe bs i t eha saf ul ll i s tofpr ope r t yt ha t qua l i f i e sf ort heSe c t i on179Ta xDe duc t i on. Yous houl da l wa y sc ons ul twi t hy oura c c ount a nt whe ni tc ome st obus i ne s st a xde duc t i ons .

Sour c es : 1. 2012Sur veyofEqui pmentFi nanc e, ELFA 2. Ent r epr eneurMagaz i ne, 2012

anat i onwi depr ovi derofequi pment l eas i ngandwor ki ngc api t all oans . www. bal boac api t al . c om


Section 179 Infographic