Steps in working out your deduction



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End of attention

Under the UCA, there are a number of steps in working out your deduction for the decline in value of a depreciating asset:

Some of these steps do not apply:

  • if you choose to allocate an asset to a pool
  • if you can claim an immediate deduction for the asset
  • to certain primary production assets
  • to some assets used in rural businesses.

See Working out decline in value.

Last modified: 01 Oct 2006QC 27597