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49 Small business entity simplified depreciation

Last updated 11 February 2019

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.

QC40282