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Asset depreciation deductions

CGT and depreciating assets
In order to calculate the capital gain or capital loss that has arisen from a depreciating asset should be treated by considering the uniform capital allowance system.
Depreciation and capital expenses and allowances
Capital allowance measures contain the rules for calculating the decline in value of depreciating assets.
Effective life of an asset
To use either of the depreciation methods, you have to work out how long the asset can be used to produce income - its effective life.