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An STS taxpayer can choose to claim deductions under either the STS rules or the UCA rules for certain depreciating assets used in the course of carrying on a business of primary production. The choice is available for water facilities. It is also available for depreciating assets relating to landcare operations, electricity connections and telephone lines.
You can choose to claim your deductions under the STS rules or UCA rules for each depreciating asset. Once you have made the choice, it cannot be changed.
Last modified: 01 Jun 2005QC 27399