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  • I Did you have any capital allowance deductions (previously known as depreciation on plant)?



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

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    Calculate your deductible capital allowances and write the amount in the boxes provided. Do not show cents.

    What you need to know

    You can claim a deduction here for the decline in value of a depreciating asset. The asset must have been used, or installed ready for use, for income-producing purposes during the income year.

    If you have allocated an asset to a low-value pool and have used the asset to produce your rental income, you do not show your deduction for its decline in value as a rental expense on this schedule or on your tax return. (You claim low-value pool deductions at a separate question in TaxPack.)

    You may need to read the publication Guide to depreciating assets 2003 to help calculate your capital allowance deductions.

    Last modified: 20 Oct 2015QC 27495