Part C - Project pools
This part requires information on project amounts. Project amounts can be allocated to a project pool and deducted over the life of the project. If you do not have any project pools, you do not need to complete this section. Go to part D.
See the Guide to depreciating assets for information on project amounts and how to work out your deductions for a project pool.
This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.
End of attention
Write at U the number of project pools you have. A separate project pool is required for each project.
Write at V the total pool value of all your project pools at the close of the previous year. As only expenditure incurred on or after 1 July 2001 can be allocated to a project pool, for most taxpayers this amount will be zero this year.
Write at W the total closing pool value of all your project pools. This amount is the closing pool value of the previous year plus any project amounts allocated for the year less the deduction for the year assuming the project operates wholly for a taxable purpose.
Write at X the total of the amounts you have allocated to each project pool, being amounts incurred for environmental assessments for the project for the year. If you have not allocated an amount for environmental assessments for any project, leave this label blank.
Write at Y the total of any project amounts you have allocated to a project pool for mining capital expenditure and transport capital expenditure incurred for the income year. If you have not allocated any amounts for mining capital expenditure or transport capital expenditure to a project pool, leave this label blank.
Write at Z the total of all other project amounts incurred which you have allocated to a project pool for the income year. If there were no other project amounts, leave this label blank.
Last modified: 21 Oct 2002QC 27435