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Do you need to complete a Capital allowances schedule 2002?

Last updated 20 October 2002

Unless you are an STS taxpayer or an individual taxpayer not carrying on a business, you need to complete a Capital allowances schedule 2002 if you had:

more than $1,000 at any of the following labels on your income tax return:

Label

Where label found

Depreciation expenses

All tax returns except fund tax return

Deduction for decline in value of depreciating assets

Company and fund tax returns only

Deduction for project pool

All tax returns except fund tax return

Business deduction for project pool

Business and professional items section of tax return for individuals

Low-value pool deduction

Tax return for individuals only

or

more than $5,000 at either of the following labels on your income tax return:

Label

Where label found

Intangible depreciating assets first deducted

All tax returns

Other depreciating assets first deducted

All tax returns

What you may need

You may need:

To get these publications:

  • visit the ATO website at www.ato.gov.au
  • ring our Publications Distribution Service at 1300 720 092
  • visit an ATOaccess site.

Taxpayer information

In the spaces provided at the top of the schedule, include the entity's:

  • tax file number
  • name
  • Australian business number, if any
  • signature as prescribed in the tax return.

QC27435