CAA01/S33A, S33B

In the main, where an asset such as a lift, or a system such as an electrical system, begins and ends, in order to determine whether more than 50% of it has been replaced (when the integral features provisions will apply) is essentially a question of fact.

The integral feature rules seek to define ‘replacement’ in a fairly basic and straightforward way: that is, as expenditure on replacing the whole or the bulk of a particular asset within a 12-month period.

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