• P10 STS depreciating assets

    Attention

    Warning:

    This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

    End of attention

    Item P10 is for STS taxpayers only. Complete this item only if you have chosen to enter or continue in the STS at item S1.

    Completing this item

    To complete this item use the amounts you calculated for STS depreciation deductions in worksheet 4.

    At A Deduction for low-cost assets item P10 on page 4 of your schedule, write the amount at (a) in the worksheet.

    At B Deduction for general pool assets, write the total of the amounts at (b) and (d) in the worksheet.

    At C Deduction for long-life pool assets, write the total of the amounts at (c) and (e) in the worksheet.

    Stop

    Make sure you write the depreciation deduction and not the pool balance at A, B and C.

    Other business and professional items

    For items P11 to P19 you need to fill in all items relating to your business expenses.

    If you have more than one business you must add the figures for all businesses, irrespective of whether they are primary or non-primary production, and write only one figure at each item.

    Last modified: 01 Sep 2006QC 18499