Test 3: Did you and any businesses you were grouped with have depreciating assets with a total adjustable value of less than $3 million at 30 June 2006?



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End of attention

This test only includes depreciating assets for which a deduction has been allowed or is allowable under the STS or uniform capital allowance (UCA) rules.

Broadly, the adjustable value of a depreciating asset is its cost less its decline in value since it was first used, or installed ready for use for any purpose whether business or private. It is the value at the end of the income year that is relevant.

If the total adjustable value of your depreciating assets and those of entities you are grouped with for the 2005-06 income year was less than $3 million at this time, you satisfy this test.

Last modified: 01 Sep 2006QC 18499