STS taxpayers - do not complete this item.
Did you stop holding or using any intangible depreciating assets?
No |
Go to item P18 Termination value of other depreciating assets on the next page. |
---|---|
Yes |
Read on. |
You need to know
Do not show at this question any consideration you receive during the income year in relation to in-house software for which you have allocated expenditure to a software development pool.
For more information on termination value, in-house software and software development pools, see the Guide to depreciating assets 2004–05.
See item P15 for more information about intangible depreciating assets.
Include the termination values for intangible depreciating assets - including intangible assets allocated to a low-value pool - that you stopped holding or using during the year (for example, assets sold, lost or destroyed).
Generally, the termination value is the amount you receive or are deemed to receive in relation to the asset that you stopped holding or using. It includes the market value of any non-cash benefits such as goods and services you receive for the asset.
Completing this question
Step 1 |
Add up any amounts you received or are deemed to have received for all intangible depreciating assets that you stopped holding or using in your business, other than:
|
---|---|
Step 2 |
Write this amount at D item P17 on page 4 of your schedule. Do not show cents. |