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Depreciating assets excluded from the UCA

Last updated 7 April 2020

Deductions for the decline in value of some depreciating assets are not worked out under the UCA. These are:

  • depreciating assets for which deductions are available under the specific film provisions
  • depreciating assets that are capital works - for example, buildings and structural improvements for which deductions are available under the separate provisions for capital works or would have been available if the assets had met certain conditions for the deductions
  • cars where you use the cents per kilometre method or the 12% of original value method for calculating car expenses - these methods take the decline in value into account in their calculation
  • indefeasible rights to use an international telecommunications submarine cable system if the expenditure was incurred or the system was used for telecommunications purposes at or before 11.45am by legal time in the Australian Capital Territory (ACT) on 21 September 1999.