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Tax Saving
Four-year declining-balance depreciation, unique to trailer homes. We explain their strength as a business asset.
A trailer home counts asan unpowered motor vehicle (a towed vehicle), sofour-year declining-balance depreciationapplies.
In December 2012, a revision to the rules on operating trailer houses by the Automobile Bureau of the Ministry of Land, Infrastructure, Transport and Tourism added them to the motor vehicle category, so the depreciation period becamefour years.For a used unit it is one year.
*Tax treatment varies with individual circumstances. Please confirm the actual tax benefit and whether it applies with your tax accountant before deciding. Feel free to contact us for details.