Deemed supply on closure: deduction rate per taxable period, buildings and structures

5% per taxable period, capped at 20 periods% of acquisition cost deducted per elapsed taxable period

Kept separately from the rate for other depreciable assets because the two are constantly conflated, and the difference is a decade. Buildings run down at 5% a period over up to twenty periods; everything else at 25% over up to four. Applying the wrong one to a building overstates the deduction fivefold.

Applies to: Buildings and structures held at closure, where input VAT was deducted on acquisition
Review cadence: Checked once a year

What we have recorded

2026-10-06
5% per taxable period, capped at 20 periods
Supply value = acquisition cost × [1 − 5% × elapsed taxable periods], counting a maximum of twenty periods — about ten years at half-yearly periods. Leasehold fit-out is not automatically a building for this purpose: whether interior work is a remaining asset at all turns on who owns it, whether it was capitalised, and what the lease says happens to it at the end.
Enforcement Decree of the Value-Added Tax Act, art. 66

One reading so far. This becomes a history the first time the figure moves while we are watching — which is the part that cannot be reconstructed later.