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Guide to depreciating assets 2005-06

 
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Warning: This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

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This publication can be downloaded in Portable Document Format (PDF): download Guide to depreciating assets 2005-06 here [525kB].

Last Modified: Tuesday, 18 July 2006
 
Table of contents
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About this guide
Abbreviations used in this publication
New treatment for blackhole expenditure
Deductions for the cost of depreciating assets
The uniform capital allowance system
What is a depreciating asset?
Who can claim deductions for the decline in value of a depreciating asset?
Working out decline in value
Immediate deduction (for certain non-business depreciating assets costing $300 or less)
Effective life
The cost of a depreciating asset
What happens if you no longer hold or use a depreciating asset?
Low-value pools
In-house software
Common-rate pools
Primary production depreciating assets
Plants with an effective life of three or more years
Capital expenditure deductible under the UCA
Landcare operations
Electricity connections and telephone lines
Environmental protection activities
Mining and quarrying and minerals transport
Project pools
Business related costs - section 40-880 deductions
STS taxpayers
Record keeping
Completing the capital allowances schedule 2006
Definitions
Guidelines for using the depreciating assets worksheet
Guidelines for using the low-value pool worksheet
More information
Our commitment to you
How self-assessment affects you
Give us your feedback
 
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