Division 40: Depreciating Assets in Detail

Take a deep, comprehensive dive into the deductions allowed under Division 40 - Capital Allowances so you can confidently identify depreciating assets, holders, and calculate the decline in value to claim for tax depreciation purposes.

In this session, we cover:

• Fundamental principles

• Recent developments

• Division 40 – Uniform Capital Allowances

  • Steps to calculate decline in value

  • Effective Life

  • Intangible Assets

  • Cost of a depreciating asset

  • Low value pools and Simplified depreciation

  • Balancing adjustments

• Special rules:

  • Blackhole Expenditure

  • CGT Event K7

  • Primary Production Assets

  • Environmental protection activities

  • Intangibles (e.g. software)

• Practical Scenarios and Case Studies

Date recorded: 1 October 2024