Effective life of depreciating assets
This question asks:
Have you self-assessed the effective life of any depreciating assets acquired in the income year?
Answer Yes or No as appropriate.
For more information, see Effective life of an asset or the Guide to depreciating assets 2025.
Recalculating the effective life of a depreciating asset
This question asks:
Did you recalculate the effective life for any of your depreciating assets this income year?
Answer Yes or No as appropriate.
For more information, see Depreciating assets guide 2025.
Total depreciation deducted for income year
Write your depreciation expense deduction amount, calculated under section 40-25 of the ITAA 1997.
For more information, see Uniform capital allowance system: calculate decline in value.
Total section 40-880 deductions
Write the total amount of the trust’s deductions allowable under section 40-880 of the ITAA 1997.
For more information, see Deductions for depreciating assets and capital expenses.
Total Division 43 capital works deductions
This question requires information on the:
Total Division 43 capital works deductions (special building write-off)
Write the amount of your capital works deductions allowable under Division 43 of the ITAA 1997. This will include any amount you report at Build to rent capital works deductions at 4%. See Build to rent capital works deductions at 4%.
For more information, see Capital works deductions.
Build to rent capital works deduction at 4%
Write the total deductions claim for capital expenditure on eligible build to rent developments that are accessing the Build to rent development tax incentives.
- The development will be a large-scale Australian build to rent development that meets specified conditions on an ongoing basis to access this incentive.
- To claim this incentive you must also have notified the Commissioner in the approved form of your choice for your eligible build to rent development to become an active build to rent development.
The depreciation at the 4% rate only applies prospectively from the date of your choice.
When working out the deduction amount, you may need to apportion your claim. For example, if the development is part of a mixed-use development or if the choice for the development took effect on a day other than the first day of the income year. You must also include this amount at Total Division 43 capital works deductions (special building write-off).
Continue to: Withholding obligations for AMITs
Return to: Instructions to complete the AMIT tax return 2025