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  • Capital allowances schedule



    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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    You do not need to complete a Capital allowances schedule 2010 if the trust is a small business entity using the simplified depreciation rules.

    In other cases, complete and attach a capital allowances schedule if the trust has included an amount greater than $100,000 for depreciation expenses at K item 5.


    Assets subject to the simplified depreciation rules

    If you are no longer using the simplified depreciation rules this year, but still claiming a deduction in respect of assets subject to these rules at K item 5 (that is, assets in a continuing small business pool), you do not need to complete the schedule if the amount at the label relates entirely to that pool. If the amount relates to both pool items and uniform capital allowance (UCA) items and exceeds $100,000, you will need to complete the schedule.

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    Further Information

    For more information, see Capital allowances schedule instructions 2010 (NAT 4089).

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    Worksheets 1 and 2 in the Guide to depreciating assets 2010 (NAT 1996) will help you to complete the Capital allowances schedule 2010. Labels G, H, I, J and K on worksheet 1 and labels L, M, N, O, P and Q on worksheet 2 correspond to labels on the capital allowances schedule.

    Last modified: 12 Feb 2019QC 22968