Small business concessions – simplified depreciation rules
To complete this item, use the amounts the company calculated for small business entity depreciation deductions in the Worksheet: Small businesses using simplified depreciation for item 6 – label X Depreciation expenses. For more information, see Small business entities.
A – Deduction for certain assets
Label A asks for information on deductions for certain assets (costing less than the relevant instant asset write-off limit).
Transfer the deduction for certain assets at row a in the Worksheet: Small businesses using simplified depreciation to item 10 – label A. Don't show cents.
B – Deduction for general small business pool
Add up the general small business pool deduction amounts at rows b and c in the Worksheet: Small businesses using simplified depreciation. Write the total at item 10 – label B. Don't show cents.
The total of item 10 – label A and item 10 – label B combined can't be more than the amount entered at item 6 – label X Depreciation expenses.
Continue to: 11 Consolidation deductions
Return to: Instructions to complete the Company tax return 2025