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Item 1: Project pools

Last updated 30 June 2003

At U, write the number of project pools you have. A separate project pool is required for each project.

At V, write the total closing value of all your project pools for the previous income year.

At W, write the total closing value of all your project pools for this income year. The closing pool value of a project pool is:

  • the closing pool value for the previous year
    plus
  • any project amounts allocated for the year
    less
  • the deduction for decline in value for the year -worked out assuming the project operates wholly for a taxable purpose.

QC27491