A-Z index

Asset depreciation deductions

Depreciating assets and CGT
A capital gain or capital loss from the disposal of a depreciating asset will only arise to the extent that you have used the asset for a non-taxable purpose (for example, used for private purposes).
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.
Simpler depreciation for small business
You can choose to use simplified depreciation rules if you are a small business entity.