| Blackhole expenditure: business related expenses |
| Changes have been made to the law to provide a systematic treatment for various capital expenses which were not previously recognised for income tax purposes. Such expenses are commonly known as 'blackhole expenditure'. |
| Capital allowances - additional non-ferrous metal casting assets - draft effective lives |
| This document makes available for comment draft effective lives for certain newly identified assets used in non-ferrous metal casting. Comments should be made by 28 February 2013. |
| Capital allowances - ammonia and ammonia nitrate manufacturing industry assets |
| Information about our review of the effective life of assets used in the manufacture of ammonia and ammonia nitrate. |
| Capital allowances - assets used in meat processing - final effective lives |
| This document makes available for comment final effective lives for the assets used in the meat processing industry. Comments should be made by 31 January 2013. |
| Capital allowances - effective life review of assets used in the scientific research services industry - review to begin |
| Information about our review of the effective life of assets used in the manufacture of flour and starch products. |
| Capital allowances - flour and starch manufacturing industry assets - review to begin |
| Information about our review of the effective life of assets used in the manufacture of flour and starch products. |
| Capital allowances - other machinery and equipment repair and maintenance assets - review to begin |
| Information about our review of the effective life of assets used in the repair and maintenance of equipment. |
| Capital allowances - paint and coatings manufacturing industry assets |
| Information about our review of the effective life of assets used in the manufacture of paint and coatings. |
| Capital allowances - paint and coatings manufacturing industry assets - review to begin |
| Information about our review of the effective life of assets used in the manufacture of paint and coatings. |
| Capital allowances - polymer film and sheet packaging material manufacturing assets - draft lives |
| Information about the effective life of assets used in the manufacture of polymer film and sheet packaging material. |
| Capital allowances - prefabricated concrete product assets |
| Information about our review of the effective life of assets used in the manufacture of prefabricated concrete products. |
| Capital allowances - prefabricated concrete product assets - review to begin |
| Information about our review of the effective life of assets used in the manufacture of prefabricated concrete products. |
| Capital allowances - railway locomotive and rolling stock design, engineering and manufacturing industries - review to begin |
| Information about our review of the effective life of assets used in the railway locomotive and rolling stock design, engineering and manufacturing industries. |
| Capital allowances - sanitary paper product manufacturing industry assets |
| This document makes available for comment draft effective lives for assets used in the sanitary paper product manufacturing industry. |
| Capital allowances - sanitary paper product manufacturing industry assets - review to begin |
| Information about our review of the effective life of assets used in the manufacture of sanitary paper products. |
| Capital allowances - solid and other waste collection, waste treatment, disposal and waste remediation and recovery industry asset - review to begin |
| Information about our review of the effective life of assets used in the solid and other waste collection, waste treatment and disposal and waste remediation and recovery industry. |
| Capital allowances - Table B assets - draft initial recommendations |
| The draft initial recommendations from our review of Table B of Taxation Ruling TR 2012/2 are available for comment. Comments need to be provided by 28 March 2013. |
| Capital allowances: $300 immediate deduction tests |
| This document explains the tests you need to satisfy to claim the immediate deduction for non-business depreciating assets costing $300 or less. |
| Capital allowances: completed effective life reviews |
| A list of depreciating asset effective life reviews that have been completed and the dates they took effect. |
| Capital allowances: copyright in a film and certain licences relating to copyright in a film |
| This document contains information on amendments to the uniform capital allowance rules allowing the cost of copyright in a film, and certain licences relating to copyright in a film, to be written-off over their effective life. |
| Capital allowances: deductible business related costs - pre July 2005 |
| This document provides information on the types of business related capital expenditure incurred between 1 July 2001 and 30 June 2005 that may be deducted under section 40-880 of the Income Tax Assessment Act 1997. |
| Capital allowances: effective life - rulings, law and objections |
| Details of rulings, law and objections relating to the effective life of depreciating assets. Links to corresponding material published on the ATO Legal Database are also included. |
| Capital allowances: effective life of ammonia and ammonia nitrate manufacturing assets |
| Information about our review of the effective life of assets used in the manufacture of ammonia and ammonia nitrate. |
| Capital allowances: effective life of prepared pet food and animal food manufacturing |
| Information about our review of the effective life of assets used to manufacture pet and animal food. |
| Capital allowances: effective life review of assets used in fabricated metal product manufacturing |
| Information about our review of the effective life of assets used in various aspects of fabricated metal product manufacturing. |
| Capital allowances: effective life review of cement based building board manufacturing assets |
| Information about our review of the effective life of assets used in the manufacture of cement based building boards. |
| Capital allowances: effective life review of meat processing assets |
| Information on the ATO review of the effective life of the assets used in the meat processing industry. |
| Capital allowances: effective life review of motor vehicle and motor vehicle parts manufacturing |
| Information about our review of the effective life of assets used in motor vehicle and motor vehicle part manufacturing. |
| Capital allowances: effective life review of polymer film and sheet packaging material manufacturing assets |
| Information about our review of the effective life of assets used in the manufacture of polymer film and sheet packaging material |
| Capital allowances: effective life review of prefabricated concrete panel manufacturing assets |
| Information about our review of the effective life of assets used in the manufacture of prefabricated concrete panels. |
| Capital allowances: effective life review of ready-mixed concrete manufacturing assets |
| Information about our review of the effective life of assets used in the manufacture of ready-mixed concrete products. |
| Capital allowances: effective life reviews - general information |
| Details about what effective life reviews are, how they are conducted, reviews currently in progress and completed effective life reviews. |
| Capital allowances: effective life reviews currently in progress |
| Information about the effective life reviews we are currently conducting, the expected date of new determinations and how to contact us if you would like to participate in the review process. |
| Capital allowances: law and rulings |
| Effective lives are published in tables attached to taxation rulings relating to the effective life of depreciating assets. |
| Capital allowances: legislative caps on effective life of aeroplanes and helicopters |
| To give information about capped effective life with regard to aeroplanes and helicopters. |
| Capital allowances: legislative caps on effective life of oil and gas related assets |
| This document provides information on the legislative caps that apply to the Commissioner's determined effective life of various oil and gas related assets from 1 July 2002. Information on what the legislative caps apply to and how they work are provided. |
| Capital allowances: low-cost assets - rulings, law and objections |
| Details of rulings, law and objections relevant to low cost assets. Links to corresponding material published on the ATO Legal Database are also included. |
| Capital allowances: low-cost assets - sampling rule for large business |
| Provides information on the sampling rule which allows a business to select a sample of business purchases to help estimate possible deductions. Information includes how the rule works, and who can use it. (NAT 9850) |
| Capital allowances: low-cost assets - sampling rule for small business |
| The Sampling Rule is available to businesses that have a low-value pool. Some businesses can claim an immediate deduction for expenditure on assets costing less than $1,000 and would not use this rule. |
| Capital allowances: low-cost assets - threshold rule for large business |
| Contains information on the threshold rule for large business. Information includes an explanation of what the threshold rule is, how it works, and the record keeping requirements. An example scenario is also included to demonstrate key points. |
| Capital allowances: low-cost assets - threshold rule for small business |
| The threshold rule is available to businesses that are not using the small business entity simplified depreciation rules. Under the simplified depreciation rules, businesses can claim an immediate deduction for most depreciating assets costing less than $1,000. |
| Capital allowances: low-value pools - rulings, law and objections |
| Details of rulings, law and objections relevant to low-value pools. Links to corresponding material published on the ATO Legal Database are also included. |
| Capital allowances: Review of Table B of the Commissioner's schedule attached to Taxation Ruling TR 2012/2 |
| Information about our review of Table B of the Commissioner's schedule attached to Taxation Ruling TR 2012/2. Taxpayers can use this table to find an asset's effective life to work out how much they can claim as a tax deduction for the asset's decline in value. |
| Capital allowances: statutory caps on the effective life of buses, light commercial vehicles, minibuses, trucks and truck trailers |
| This document provides information on the statutory caps applied to the Commissioner's determined effective lives for buses, light commercial vehicles, minibuses, trucks and truck trailers. Information includes what the statutory caps apply to, and how they work are provided. |
| Capital allowances: statutory caps on the effective life of harvesters and tractors |
| To give information about capped effective life with regard to harvesters and tractors. |
| Capital allowances: telecommunications rights deductions |
| This document provides details of legislative changes enacted on 29 June 2005 which allow for the deduction of the cost of acquiring certain telecommunications rights applicable to expenditure incurred from 12 May 2004. |
| Division 250: denial of deductions |
| Fact sheet on the application of Division 250 to an asset which denies capital allowance deductions and treats financial benefits received for the use of an asset as payments in respect of a loan where the asset is put to a tax preferred use. |
| Guide to depreciating assets 2011-12 |
| If you use a capital asset, such as a car or machinery, in earning your income, you may be able to claim a deduction for the cost of that asset, spread over its effective life. NAT 1996-6.2012. |
| Uniform Capital Allowance amendments (effective life of in-house software) |
| This fact sheet provides information about the changes to the depreciation period for capital expenditure on in-house computer software from 2.5 to 4 years for software acquired after 7.30pm (AEST) on 13 May 2008. |
| Uniform capital allowance system: $300 immediate deduction |
| There is an immediate deduction for certain depreciating assets costing $300 or less, which are used predominantly to produce assessable income that is not income from carrying on a business. Example scenarios are provided. (NAT 4813) |
| Uniform capital allowance system: calculating the decline in value of a depreciating asset |
| Provides information on calculating the decline in value of a depreciating asset. It includes information on when a depreciating asset starts to decline in value, and how to make your own estimate of a depreciating asset's effective life. |
| Uniform capital allowance system: changing a depreciating asset's effective life |
| This document provides users with valuable information on changing a depreciating asset's effective life. It includes information on when an effective life can and can't be recalculated, and how to make a new estimate of effective life. (NAT 4517) |
| Uniform capital allowance system: depreciating assets (decline in value) |
| You may be able to claim a deduction for the decline in value of your depreciating assets. A depreciating asset is an asset that has a limited effective life and can reasonably be expected to decline in value over the time it is used. |
| Uniform capital allowance system: disposal of a depreciating asset |
| This document provides information on the capital allowance rules relating to the disposal of a depreciating asset. Information includes how to account for the disposal of a depreciating asset, and offsetting a balancing adjustment amount against a replacement depreciating asset. |
| Uniform capital allowance system: low-value pools |
| This document provides information on the low-value pool provisions under the capital allowance system. It includes information on which depreciating assets can and can't be allocated to a low-value pool, and how to work out a deduction for pooled assets. |
| What are the uniform capital allowance rules |
| This document provides overview information on the capital allowance system. It includes information on depreciating assets, who is entitled to claim under the measures and links to further - more detailed information. (NAT 4990) |