Capital allowances schedule

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

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All funds that claim a deduction for the decline in value of depreciating assets of more than $100,000 must complete a Capital allowances schedule 2011 and attach it to the fund tax return. The Capital allowances schedule instructions 2011 (NAT 4089) will help you to complete the Capital allowances schedule 2011. The Guide to depreciating assets 2011 will assist you to claim a deduction for an asset's decline in value. Use this guide if the fund incurred other capital expenditure and you want to know whether you can claim a deduction for the expenditure.