Not part of a set | Australian Taxation Office

Not part of a set
Warning:

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

Whether items form a set needs to be determined on a case by case basis. Items may be regarded as a set if they are:
- interdependent on each other
- marketed as a set, or
- designed and intended to be used together.
It is the cost of a set of assets you acquire in the income year that must not exceed $300. The test cannot be avoided by buying parts of a set separately.

Example: Set of items (ignoring any GST impact)

In the 2002–03 income year Paula, a primary school teacher, buys a series of six progressive reading books costing $65 each. The books are designed so that pupils move on to the next book only when they have successfully completed the previous book. The books are marketed as a set and are designed to be used together. The six books would be regarded as a set. Paula cannot claim an immediate deduction for any of these books because they form part of a set which she acquired in the income year and the total cost of the set is more than $300.
End of example

More information about sets is available in the publication Capital allownaces – $300 immediate deduction tests.
Last modified: 01 Jun 2005QC 27453