49 Small business entity simplified depreciation



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End of attention

Small business concessions: changes to simpler depreciation rules

On 17 December 2013, the government announced that it would make changes to small business concessions for assets acquired from 1 January 2014. At the time of printing these changes had not become law. Go to ato.gov.au/newlegislation for information about the progress of this legislation.

Only complete this item if the trust is a small business entity using the simplified depreciation rules.

To complete this item, use the amounts calculated for small business entity depreciation deductions at K item 5. Show at:

  • A Deduction for certain assets the total amount claimed relating to these assets
  • B Deduction for general small business pool assets, the total amount claimed relating to the general small business pool.
Last modified: 30 Oct 2014QC 40282