• P10 STS depreciating assets

    Item P10 is for STS taxpayers only. Complete this item only if you have chosen to enter or continue in the STS at item S1.

    Completing this question

    To complete this question use the amounts you calculated for STS depreciation deductions in your Depreciation deductions for STS worksheet.

    At  A

    Deduction for low-cost assets item P10 on page 4 of your schedule, write the amount at (a) in the worksheet.

    At  B

    Deduction for general pool assets, write the total of the amounts at (b) and (d) in the worksheet.

    At  C

    Deduction for long-life pool assets, write the total of the amounts at (c) and (e) in the worksheet.

    Stop
    Make sure you do not put the pool balance at A, B or C.

    Other business and professional items

    Attention

    Warning:

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

    End of attention

    For items P11 to P19 you need to fill in all items relating to your business expenses.

    If you have more than one business, you must add the figures for all businesses, irrespective of whether they are primary or non-primary production and write only one figure at each item.

    STS taxpayers

    If you have chosen to enter or continue in the STS at item S1, you only need to fill in P13, P14 and P19.

    Last modified: 15 Mar 2007QC 27592