ato logo
Search Suggestion:

49 Small business entity simplified depreciation

Last updated 11 February 2019

Small business concessions: changes to simpler depreciation rules

The law changed with effect from 1 January 2014 to reduce the instant asset write-off threshold from $6,500 to $1,000.

Further changes also apply between 7.30pm (AEST) 12 May 2015 and ending on 30 June 2017 that temporarily increase the instant asset write-off threshold from $1,000 to $20,000 for assets that are acquired and installed ready for use during this period.

See also:

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, the total amount claimed relating to the general small business pool.

QC44346