No |
Leave blank and go to label J |
Yes |
Calculate your deductible capital allowances and write the amount in the boxes provided. Do not show cents. |
What you need to know
You can claim a deduction here for the decline in value of a depreciating asset. The asset must have been used, or installed ready for use, for income-producing purposes during the income year.
If you have allocated an asset to a low-value pool and have used the asset to produce your rental income, you do not show your deduction for its decline in value as a rental expense on this schedule or on your tax return. (You claim low-value pool deductions at a separate question in TaxPack.)
You may need to read the publication Guide to depreciating assets 2003 to help calculate your capital allowance deductions.