Depreciating assets excluded from the UCA



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End of attention

Deductions in relation to certain types of depreciating assets are not worked out under the UCA. These are:

  • depreciating assets in relation to which deductions are available under the specific film provisions
  • depreciating assets that are capital works-for example, buildings and structural improvements for which deductions would be available under the separate provisions for capital works (or would have been deductible had the expenditure been incurred or the works started at specified times)
  • cars where you use the 'cents per kilometre' method or the '12 per cent of original value' method for calculating car expenses, methods which take the decline in value into account in their calculation
  • indefeasible rights to use an international telecommunications submarine cable system if the expenditure was incurred or the system was used for telecommunications purposes at or before 11.45 am [by legal time in the Australian Capital Territory (ACT)] on 21 September 1999.
Last modified: 01 Jun 2005QC 27399