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Completing the Capital allowances schedule 2002

Last updated 10 December 2019

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 $1000 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 a 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 $5000 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

You should use Worksheet 1-depreciating assetsThis link will download a file and Worksheet 2-low-value poolThis link will download a file to help you complete your income tax return and the schedule.

For more information about the Capital allowances schedule 2002, see the Capital allowances schedule instructions. To find out how to get these publications, see the inside front cover.

QC27399