Guide to depreciating assets 2009-10

Guide to claiming the decline in value of capital assets used in gaining assessable income, such as a car or machinery.

Last updated 25 September 2011

How to obtain this publication

You can download this publication in Portable Document Format (PDF) - download Guide to depreciating assets (NAT 1996, PDF, 548KB).

About this guide

Carbon sink forests

Deductions for the cost of depreciating assets

The uniform capital allowance system

What is a depreciating asset?

Who can claim deductions for the decline in value of a depreciating asset?

Working out decline in value

Immediate deduction (for certain non-business depreciating assets costing $300 or less)

Effective life

Depreciating assets and taxation of financial arrangements (TOFA)

The cost of a depreciating asset

What happens if you no longer hold or use a depreciating asset?

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