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Guide to depreciating assets 2008-09

 
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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 2009 (NAT 1996, 613KB) here.

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Last Modified: Tuesday, 6 October 2009

 
Table of contents
Copies of this publication
What's new - Small business and general business tax break
About this guide
Abbreviations used in this publication
Carbon sink forests
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
Capital expenditure deductible under the UCA
Small business entities
Record keeping
Completing the Capital allowances schedule 2009
Definitions
Guidelines for using the depreciating assets worksheet
Guidelines for using the low-value pool worksheet
More information
How self-assessment affects you
Give us your feedback
 
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