N8 - Deduction for forest property/ deduction for natural assets, Deduction for natural assets tab

If you have recovered natural assets on your property, you may make a reduction in deductions. You can make deductions for occurrence and future loss of substance.

The N8 appendix only reports information on loss of substance occurring. If you have received an advance payment for future recovery, you may receive deductions for future substance reduction deductions. Such deductions are made in the accounts and you should not disclose this in appendix N8.

You may make deductions of an amount no more than, together with the deductions made in previous years, corresponds to the acquisition value (deductibility) for the natural asset. Therefore, for the taxation year, allowances are deducted in relation to the total recovery that was made in total at the end of the taxation year. The deductibility is calculated according to the main rule based on what you have paid for the natural resource itself.

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