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  • Capital allowances: low-cost assets – sampling rule for small and large businesses

    The sampling rule is available to businesses that have a low-value pool.

    If you're using the small business simplified depreciation rules, generally you won't use the UCA sampling rule for low-value pools. Under the simplified depreciation rules you can claim an immediate deduction for most depreciating assets costing less than $1,000 (or $20,000 for each asset bought and used, or installed ready for use from 7.30pm (AEST) on 12 May 2015 until 30 June 2017), and pool most other depreciating assets.

    You can use the simplified depreciation rules if you are a small business entity (2007–08 and later years).

    You must use the simplified depreciation rules for income years where you were in the simplified tax system (2006–07 and earlier years).

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      Last modified: 25 Jan 2017QC 50915