Search for
	In: ato.gov.au legal database	Advanced search Search tips

> > > > Income tax concessions

Key tasks
Work online
Prepare returns & forms
Lodgment
Payment, penalties and interest
Object or amend
Find a rate, calculator, tool or code
Find a form or publication

Your tax practice
New to tax practice
Tax agents
Insolvency practitioners
Legal practitioners
Large business
BAS agents
Bookkeepers

News, research & training
News & updates
Seminars & presentations
Training
Research

Consultation
Engagement
Consultative forums

Tax topics A - Z
A-C
D-E
F-G
H-L
M-R
S-Z
List all

Law, rulings & policy
Legal Database
Law
Rulings & ATO view
ATO policy & guidelines

Compliance
Our Compliance program
How we make it easier for you to comply
Tax planning & schemes
Tax evasion & crime

Small business and general business tax break

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

Do I include GST in the cost of the asset?

No. In working out your income tax deduction, you would exclude any GST which is claimed as an input tax credit.

Sections within Claiming assets

Last Modified: Wednesday, 9 December 2009

Table of contents

Basic information

Information kit

Using or installing assets

Claiming assets

When do I get my money back?

How do I claim the business tax break?

Do I include GST in the cost of the asset?

Who can claim a deduction?

What about assets that are jointly held?

What if I use the asset for purposes other than carrying on a business?

Can I still claim depreciation on the asset?

What if I make a loss?

What happens if I sell the asset later?

What paperwork do I need to keep?

Where on the tax return do I include the information?

How much can I claim?

When do I claim the tax break?

What do I include on my BAS?

More information

Give us your feedback

© Australian Taxation Office for the Commonwealth of Australia